Byju’s set to settle dues with BCCI; pays ₹500 million as first instalment

Troubled ed-tech company Byju’s is in talks to settle its dispute over outstanding dues with the Board of Control for Cricket in India (BCCI), lawyers of both sides told the National Company Law Appellate Tribunal (NCLAT) on Tuesday, July 30. The move may give the cash-strapped startup a chance to resolve a key dispute and prevent insolvency, Bloomberg reported.

Byju’s transferred ₹500 million to the BCCI on Tuesday, reported Bloomberg, quoting people in the know. This is the first payment towards resolving the disagreement.