Byju's Taken To NCLT By BCCI
A company petition was filed by the BCCI under the Insolvency and Bankruptcy Code, 2016.
Edtech giant Byju's parent, Think & Learn Pvt., has been taken to the National Company Law Tribunal by the Board of Control for Cricket in India.
A company petition was filed before NCLT Bengaluru by the BCCI under the Insolvency and Bankruptcy Code, 2016, on Sept. 8, according to the NCLT website.
The case was registered on Nov. 15 and the next date of hearing is set for Dec. 22.
"We are in discussions with BCCI to settle the matter and we hope to achieve that soon," a spokesperson for Byju's told BQ Prime.
Argus Partners (Solicitors & Advocates) is advising BCCI on this matter.
The Morning Context reported the development first.
Byju's has been the lead sponsor for all Indian national cricket team jerseys since 2019 until January this year, when it decided to opt out of its contract with the BCCI midway.