The Supreme Court on Thursday refused to pass an interim order to ensure that the committee of creditors (CoC) does not hold any meeting in pursuance of the insolvency proceedings against embattled ed-tech firm Byju’s.

The court posted the matter for further hearing to Tuesday.

The bench of Chief Justice D. Y. Chandrachud, Justice J. B. Pardiwala and Justice Manoj Misra refused to entertain the plea of senior advocate Abhishek Manu Singhvi appearing for Byju’s who was backed by solicitor-general Tushar Mehta for the BCCI to staying the proceedings of the CoC.

The two senior counsel contended that since the court would be hearing the matter on Tuesday, the interim stay can be imposed since no prejudice would be caused to the lenders. Singhvi also alleged that the CoC comprised 98 per cent of representatives from main lender Glas Trust.

The bench said the developments, which may take place in the meantime, can be negated if it finds there was no merit in the appeal of US-based creditor Glas Trust against the judgment of the insolvency body — National Company Law Appellate Tribunal (NCLAT).

On August 14, the bench had stayed till “further orders” the August 2 order of NCLAT by which the latter had set aside the insolvency proceedings against beleaguered education major Byju’s following the reported settlement of ₹158.9 crore dues owed by it with the Board of Control for Cricket in India (BCCI).