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The tribunal has appointed Pankaj Srivastava as the interim resolution professional. (Photo: Reuters)
The Board of Control for Cricket in India (BCCI) on Tuesday achieved a feat that many creditors of edtech firm Byju’s have failed to, with the National Company Law Tribunal (NCLT) admitting its petition seeking insolvency proceedings against Byju’s parent Think and Learn over its inability to pay dues of Rs 158 crore. At the same time, the NCLT dismissed an application by Byju’s to refer the matter to arbitration.
So far there have been seven cases, including BCCI’s, where vendors have sued Byju’s at NCLT to recover dues. The only case where the edtech firm was able…
