BYJU'S Begins Partial Payment To BCCI Amid Insolvency Crisis

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BYJU'S Transfers INR 50 Cr to BCCI

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Ongoing Insolvency Proceedings

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Settlement Plan in Progress

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Challenges Continue for BYJU'S

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BYJU’S Pays First Tranche Of INR 50 Cr To BCCI As It Looks To Settle Insolvency Case

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BYJU'S Begins Partial Payment To BCCI Amid Insolvency Crisis

BYJU'S Transfers INR 50 Cr to BCCI

First tranche paid as part of a settlement in the ongoing insolvency dispute. Payment made on July 30.

Ongoing Insolvency Proceedings

BCCI initiated a corporate insolvency resolution process for unpaid dues of INR 158.9 Cr.

Settlement Plan in Progress

BYJU'S plans to pay remaining INR 108.9 Cr in three instalments. Terms of the settlement are still under discussion.

Challenges Continue for BYJU'S

The edtech giant faces mass layoffs, cash crunch, legal issues, and regulatory scrutiny. Losses surged by 81% YoY to INR 8,245.2 Cr in FY22.

BYJU’S Pays First Tranche Of INR 50 Cr To BCCI As It Looks To Settle Insolvency Case