Supreme Court Orders Status Quo in Byju's CoC Dispute

• Supreme Court on February 27 directed status quo in the dispute concerning the legal standing of Think and Learn Private Limited's Committee of Creditors (CoC).
• The matter involves a February 24, 2026 NCLAT Chennai bench decision on whether the CoC has an independent legal character.
• NCLAT ruled CoC is a statutory body under IBC and can pursue litigation in its own name, despite not being a traditional juristic person.
• The dispute stems from the ongoing corporate insolvency resolution process (CIRP) of Think and Learn, initiated under Section 9 of the IBC.
• The CoC approached the Supreme Court challenging the NCLAT ruling, which upheld NCLT's decision not to implead the CoC in GLAS Trust proceedings.