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NCLT admits insolvency plea against Byju's, rejects firm's arbitration plea

Edtech company put under moratorium after tribunal finds it defaulted on due owned to BCCI

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Byju Raveendran (Photo: Bloomberg)

K R Shyam Sundar Pune

3 min read Last Updated : Jul 16 2024 | 4:16 PM IST

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The National Company Law Tribunal (NCLT) on Tuesday admitted edtech company Byju's parent Think and Learn to insolvency on a plea by the Board of Control for Cricket in India (BCCI).

The tribunal appointed Pankaj Srivastava as the interim resolution professional. It found that Byju's had defaulted on a debt

Topics : Byju Raveendran NCLT Insolvency and Bankruptcy Code BCCI

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