How Byju’s went from startup star to facing insolvency
Here is an overview of Byju’s and its troubles: WHAT TRIGGERED THE INSOLVENCY? The Board of Control for Cricket in India (BCCI) last year asked a tribunal to initiate insolvency proceedings against Byju’s for defaulting on $19 million of dues. The dispute is over payments related to sponsorship rights for the Indian cricket team’s jerseys. The two sides had settled the matter, with Byju’s agreeing to pay…