BCCI Vs BYJU’S: Edtech Giant Seeks To Take The Dispute To Arbitration

BCCI Vs BYJU’S: Edtech Giant Seeks To Take The Dispute To Arbitration

SUMMARY

BYJU’S contended before the NCLT that the Insolvency and Bankruptcy Code proceedings against it cannot continue till the matter is decided by an arbitrator

The edtech major claimed before the NCLT that it is in talks with the BCCI to settle the payment dispute. However, the cricketing body denied this

Last year, the BCCI dragged BYJU’S to NCLT under the section 9 of the Insolvency & Bankruptcy Code, 2016 over alleged pending dues of INR 158 Cr

Beleaguered edtech decacorn BYJU’S has reportedly moved an application to take its INR 158 Cr payment dispute with the Board of Control for Cricket in India (BCCI) for arbitration.

Lawyers representing BYJU’S contended before the National Company Law Tribunal (NCLT) that the Insolvency and Bankruptcy Code (IBC) proceedings against it cannot continue till the matter is decided by an arbitrator, Moneycontrol reported.

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