Aditya Birla Finance Files Fraud Accusation Against Byju’s Insolvency Professional with NCLT

Sep 13, 2024, 01:05 PM

Aditya Birla Finance has filed a plea with the National Company Law Tribunal (NCLT), accusing Byju’s insolvency professional of fraud. The accusation centers on the alleged misclassification of Aditya Birla Finance as an 'operational creditor' instead of a 'financial creditor.' This misclassification could have significant implications for the financial claims and recovery process in Byju’s ongoing insolvency proceedings.