NCLT levies ₹20,000 cost on Byju's for failing to reply to a plea
Thu, Apr 25, 2024 10:52 AM

NCLT levies ₹20,000 cost on Byju's for failing to reply to a plea

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The Bengaluru bench of the National Company Law Tribunal has levied a cost of ₹20,000 on edtech platform Byju’s for the delay in filing its reply to a petition by Surfer Technologies. As an operational creditor, Surfer Technologies had on 7 February filed a section 9 application, initiating corporate insolvency resolution process against the troubled ed-tech firm.

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