NCLAT’s Chennai bench gives go-ahead for settlement between BCCI, Byju’s

The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) on Friday accepted the settlement reached between the Board of Control for Cricket in India (BCCI) and Byju’s regarding the dues owed by the edtech company. Byju’s holding company, Think and Learn, is therefore no longer at the threat of insolvency proceedings, as a prior order of the NCLAT, which initiated this, has now been set aside.

However, this is subject to the payment of Byju’s dues to the BCCI, which amount to Rs 158.90 crore.