Live
- Gaddar’s final masterpiece ‘Ukku Satyagraham’ set for Nov 29 release
- Chandrababu unveils plans for deep technology Iconic Building in Amaravati
- Punjab to host ‘Child Marriage-Free India’ campaign
- Kriti Sanon opens up on nepotism: Talent will always prevail
- Bangladeshi cyber criminals target ISKCON's spiritual media platforms after arrest of Hindu priest
- I am being wrongly implicated, claims Sambhal MLA’s son Suhail Iqbal
- Gururgram: MCG imposes Rs 30.10 lakh fine against 705 people for violating GRAP norms
- PM Modi brought honour to Constitution: Karnataka BJP
- Did Cong sink MVA in Maharashtra? Data crunching throws up interesting details
- RCB's IPL 2025 Squad: Star Players, New Additions, and Exciting Leadership Change
BCCI moves NCLT against Byju’s
Bengaluru: National Company Law Tribunal (NCLT) on Tuesday accepted the plea filed by the Board of Control for Cricket in India (BCCI) against the...
Bengaluru: National Company Law Tribunal (NCLT) on Tuesday accepted the plea filed by the Board of Control for Cricket in India (BCCI) against the embattled ed-tech firm Byju’s by admitting its parent company, Think and Learn Pvt Ltd, into the insolvency resolution process.
According to sources close to the development, the company is planning to challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT). A Byju’s spokesperson said in a statement that they wish to reach an amicable settlement with the BCCI. “We are confident that, despite this order, a settlement can be reached.
In the meantime, our lawyers are reviewing the order and will take necessary steps to protect the company’s interests,” said the spokesperson. The BCCI had moved the NCLT to initiate an insolvency petition against the ed-tech firm last year, claiming a default in payment amounting to Rs158 crore.
