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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The US-based creditors argued that it was their money that was being used by the edtech firm to pay BCCI’s dues and thus avoid facing insolvency.
Byju’s and the Board of Control for Cricket in India (BCCI) were close to reaching a settlement on their dispute over sponsorship dues on Wednesday. But, the National Company Law Appellate Tribunal (NCLAT) stepped in to defer the matter to Thursday after the edtech company’s US-based lenders questioned the source of funds being used for the settlement, Moneycontrol reported.
Earlier this month, the National Company Law Tribunal (NCLT) had admitted BCCI’s insolvency plea against Byju’s over unpaid dues of Rs 158 crore ($19 million). Founder Byju Raveendran then challenged the matter in the appellate tribunal.
Also read: As insolvency …
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
The investment signals a shift from structured learning to bite-sized, bingeable learning that mixes entertainment with education. But can it deliver real-world skills?
The tyre maker is betting big on visibility and fan sentiment, but whether the payoff matches the price remains to be seen.
