{"id":833767,"date":"2024-07-18T09:56:21","date_gmt":"2024-07-18T04:26:21","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=833767"},"modified":"2024-07-18T10:14:02","modified_gmt":"2024-07-18T04:44:02","slug":"nclt-admits-byjus-parent-think-learn-into-insolvency-over-bcci-dues","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/18\/nclt-admits-byjus-parent-think-learn-into-insolvency-over-bcci-dues\/","title":{"rendered":"NCLT admits Byju&#8217;s parent Think &amp; Learn into insolvency over BCCI dues"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Tuesday, admitted the ed-tech giant Byju&#8217;s parent company, Think and Learn Pvt Ltd, into an insolvency resolution process. This action comes in response to a plea filed by the Board of Control for Cricket in India (BCCI) over unpaid dues. <\/p>\n<p>The NCLT&#8217;s decision on July 16 marks the beginning of a Corporate Insolvency Resolution Process (CIRP) for the embattled ed-tech company. The tribunal has appointed Pankaj Srivastava as the interim resolution professional (IRP) tasked with managing the company until a Committee of Creditors (CoC) is established. The IRP will oversee the collation of claims against Think and Learn and assess the company&#8217;s financial status to form the CoC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Tuesday, admitted the ed-tech giant Byju&#8217;s parent company, Think and Learn Pvt Ltd, into an insolvency resolution process. This action comes in response to a plea filed by the Board of Control for Cricket in India (BCCI) over unpaid dues. The NCLT&#8217;s decision on July 16 marks the beginning of a Corporate Insolvency Resolution Process (CIRP) for the embattled ed-tech company. The tribunal has appointed Pankaj Srivastava as the interim resolution professional (IRP) tasked with managing the company until a Committee of Creditors (CoC) is established. The IRP will oversee the collation of [&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-833767","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\/833767","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=833767"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833767\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=833767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=833767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=833767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}