SC junks BCCI, Riju Raveendran's plea on settlement for Byju's

The Supreme Court has rejected appeals from the BCCI and Byju's co-founder Riju Raveendran. They sought to halt insolvency proceedings against Byju's. The court upheld the NCLAT verdict. This relates to a dispute over settlement offers and the role of the Committee of Creditors. The case involves a USD 1.2 billion debt.