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What will be the outcome of Aditya Birla Finance's fraud accusation against Byju’s insolvency professional by Dec 31, 2024?
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Resolution / Starting Odds
Plea accepted and reclassification ordered • 25%
Plea accepted but no reclassification • 25%
Plea rejected • 25%
Case unresolved by deadline • 25%
Official NCLT records and announcements
Story
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.
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Successful appeal at NCLAT • 25%
Out-of-court settlement with BCCI • 25%
Bankruptcy proceedings continue • 25%
Other • 25%
Insolvency proceedings continue • 25%
Insolvency proceedings quashed • 25%
Settlement reached with lenders • 25%
Byju's files for bankruptcy • 25%
Yes • 50%
No • 50%
Successful appeal • 25%
Company restructured • 25%
Company liquidated • 25%
Other outcome • 25%
Successful restructuring • 25%
Partial restructuring • 25%
No restructuring • 25%
Company bankruptcy • 25%
Yes • 50%
No • 50%