Nationwide Firm Legislation Appellate Tribunal (NCLAT) Chennai Judicial Member Justice Sharad Kumar Sharma on July 29 recused himself from listening to an enchantment by Byju Raveendran in opposition to the insolvency proceedings ordered in opposition to Suppose & Be taught Non-public Restricted, which runs Byju’s, citing that he has appeared for Board of Management for Cricket in India (BCCI) as senior counsel in variety of instances.
He directed for the matter to be positioned earlier than NCLAT chairperson for nomination of acceptable Bench for listening to the case.
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The Nationwide Firm Legislation Tribunal (NCLT), Bengaluru, had ordered insolvency proceedings in opposition to Suppose & Be taught Non-public Restricted. The event got here after the Board of Management for Cricket in India (BCCI) filed a petition claiming a default of ₹159 crore.
The NCLT had appointed Pankaj Srivastava as an interim decision skilled, who will oversee the administration of Byju’s and energy of board of administrators was suspended for now.
Byju Raveendran, suspended director, promoter, & shareholder of Suppose & Be taught Non-public Restricted had moved NCLAT in opposition to the insolvency proceedings order. On the listening to on July 29, Justice Sharad Kumar Sharma mentioned he’s not proposing to take up the matter, as he has been showing as senior counsel for BCCI. “So, I can’t hear the matter,” he mentioned.
“I cannot enterprise into this. I’ve been common counsel for the BCCI in various instances”, Justice Sharad Kumar Sharma mentioned and directed the case to be positioned earlier than NCLAT Chairperson for nomination of an acceptable Bench.
