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

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