Settlement with BCCI outside lenders’ scrutiny, Byju’s Raveendran to NCLAT

Suspended director of Byju’s, Riju Raveendran, told the National Company Law Appellate Tribunal (NCLAT), Chennai, on Wednesday that the edtech firm’s settlement of Rs 158 crore with the Board of Control for Cricket in India (BCCI) should be kept outside the scrutiny of its committee of lenders.

Riju, the younger brother of founder Byju Raveendran, told the appellate tribunal that the settlement with BCCI had been finalised before the committee of creditors (CoC) was formed.