SC cancels Byju’s 158 crore settlement with BCCI

The Supreme Court has annulled Byju’s Rs 158 crore settlement with the BCCI for sponsorship dues of the Indian cricket team, citing the payment’s dubious source. The court ordered the amount to be kept in an escrow account managed by the Committee of Creditors until further orders, overriding the NCLAT’s earlier approval of the settlement.