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Byju's says it's in talks with BCCI to settle pending insolvency issue
Mint Mumbai
|November 29, 2023
BCCI filed a case in NCLT against Byju's parent for default in payment of ₹160 cr dues
Byju’s, the ed-tech firm on Tuesday said it is in talks with the Board of Control for Cricket in India (BCCI) to settle a pending insolvency matter filed against it in Bengaluru National Company Law Tribunal (NCLT).
“We are in discussions with Board of Control for Cricket in India to settle the matter and we hope to achieve that soon," said the ed-tech firm’s spokesperson without divulging any further details.
The BCCI in September filed an application before the Bengaluru bench of NCLT against Think & Learn Pvt Ltd that operates Byju’s for defaulting on dues of close to ₹160 crore. The case pertains to the dispute around sponsorship rights of the Indian cricket team’s jerseys.
It was on 15 November that the bankruptcy tribunal registered the matter for further hearing, according to the latest details available on their website.
This story is from the November 29, 2023 edition of Mint Mumbai.
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