Akshata Sharma
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Troubled edtech firm BYJU'S has moved the Karnataka High Court challenging the National Company Law Tribunal order on the Board of Control for Cricket in India's insolvency plea. However, the court did not admit the plea
The edtech firm plans to approach the National Company Law Appellate Tribunal (NCLAT) again on Monday (July 22).
On July 16, it was reported that the NCLT had admitted BYJU'S parent company, Think and Learn Pvt Ltd, into insolvency due to unpaid dues of INR 158 Cr related to sponsorship rights from the BCCI.
BYJU'S owes INR 158.9 Cr to the cricket body over a jersey sponsorship deal involving the Indian cricket team.
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