New Delhi, Feb. 27 -- The Supreme Court on Friday issued notice and mandated status quo in the dispute over the legal standing of Byju's Committee of Creditors (CoC), according to a Bar and Bench report.

"We have to hear this matter. Issue notice. Let status quo be maintained," said a bench of justices JB Pardiwala and KV Viswanathan.

The order intervenes in a complex legal battle after the National Company Law Appellate Tribunal (NCLAT) ruled that a CoC, though not a traditional juristic person, is competent to litigate its own name under the Insolvency and Bankruptcy Code (IBC).

The status quo order means that the existing position regarding the CoC and the underlying proceedings will remain unchanged until the Supreme Court of India...