Byju Raveendran files caveat in SC a day after getting control of company

A day after the National Company Law Appellate Tribunal's (NCLAT) order gave Byju Raveendran control of his company, he filed a caveat in the Supreme Court to be informed if the US lenders decide to appeal against the order.

The insolvency resolution process against Byju's parent company Think and Learn was halted by the NCLAT on Friday when it accepted the settlement arrived at between Byju Raveendran and the Board of Control for Cricket in India (BCCI).

With this, company promoters, including Byju Raveendran, are in control of the firm.

A caveat petition is a notice that certain actions may not be taken without informing the person who gave the notice.