How BCCI’s Rs 158 crore sponsorship due pushed India’s once most-valued startup into bankruptcy

Edtech giant Byju’s is facing a major setback after the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the Board of Control for Cricket in India (BCCI). The cricket board claims that Byju’s owes it Rs 158 crore in sponsorship dues. This marks a dramatic collapse of what was once India’s most valuable startup at $22 billion.