 "Supreme Court to hear Byju’s insolvency case amid creditor disputes and a critical Rs 158.9 crore settlement with BCCI.")
The Supreme Court is set to hear an appeal on September 17 from Glas Trust Company LLC, a US-based creditor, regarding the ed-tech firm BYJU’s. This follows a previous National Company Law Appellate Tribunal (NCLAT) decision that paused insolvency proceedings against BYJU’s and approved a Rs 158.9 crore settlement with the Board of Control for ...
The Supreme Court has agreed to hear an appeal from Glas Trust Company LLC, a US creditor, regarding a recent NCLAT judgment that paused insolvency proceedings against Byju’s, the prominent ed-tech firm. This decision comes after NCLAT approved a Rs 158.9 crore settlement with the BCCI over outstanding sponsorship payments. Byju’s lawyers argue the petition ...
 "Glenmark Pharmaceuticals agrees to a million settlement over drug pricing misconduct, reflecting ongoing challenges in the pharmaceutical industry.")
Glenmark Pharmaceuticals has reached a settlement with the US Department of Justice, agreeing to pay $25 million due to a case involving the pricing of a generic drug. This payment will be made in six installments over five years, accruing interest at a rate of 4.25 percent from May 2024. The settlement, announced in a ...
