Edtech firm Byju’s on sticky wicket as NCLT admits BCCI’s insolvency plea

The Board of Control for Cricket in India (BCCI) on Tuesday achieved a feat that many creditors of edtech firm Byju’s have failed to, with the National Company Law Tribunal (NCLT) admitting its petition seeking insolvency proceedings against Byju’s parent Think and Learn over its inability to pay dues of Rs 158 crore. At the same time, the NCLT dismissed an application by Byju’s to refer the matter to arbitration.