{"id":833761,"date":"2024-07-18T09:57:46","date_gmt":"2024-07-18T04:27:46","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=833761"},"modified":"2024-07-18T10:14:39","modified_gmt":"2024-07-18T04:44:39","slug":"bcci-initiates-insolvency-proceedings-against-online-tutor-byjus","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/18\/bcci-initiates-insolvency-proceedings-against-online-tutor-byjus\/","title":{"rendered":"BCCI initiates insolvency proceedings against online tutor Byju&#8217;s"},"content":{"rendered":"<p>Byju\u2019s storied founder is losing control of his eponymous company after an Indian court allowed insolvency proceedings to begin against the edtech firm. <\/p>\n<p>The National Company Law Tribunal installed an interim resolution professional to replace Byju Raveendran following a petition from the country\u2019s powerful cricket governing body \u2014 Byju\u2019s used to sponsor the national team \u2014 and its order on Tuesday invited other creditors, Byju\u2019s employees and vendors to file claims. The \u201cexistence of a debt and a default in the payment of debt is clearly established,\u201d the court said Tuesday, adding it found no reason to deny the petition filed by the Board of Control for Cricket in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Byju\u2019s storied founder is losing control of his eponymous company after an Indian court allowed insolvency proceedings to begin against the edtech firm. The National Company Law Tribunal installed an interim resolution professional to replace Byju Raveendran following a petition from the country\u2019s powerful cricket governing body \u2014 Byju\u2019s used to sponsor the national team \u2014 and its order on Tuesday invited other creditors, Byju\u2019s employees and vendors to file claims. The \u201cexistence of a debt and a default in the payment of debt is clearly established,\u201d the court said Tuesday, adding it found no reason to deny the petition [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-833761","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=833761"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833761\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=833761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=833761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=833761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}