Informative

NCLT Bengaluru Admits BCCI's Insolvency Plea Against Think And Learn Pvt. Ltd. With Default Of Rs. 158 Crores

Update / Judgement Date

16 Jul 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceInsolvency & Bankruptcy Code

The National Company Law Tribunal (NCLT) in Bengaluru has accepted an insolvency plea against Think and Learn Pvt. Ltd., filed by the Board of Control for Cricket in India (BCCI) over a default of ₹158 crores. Think and Learn Pvt. Ltd., known for its educational technology platform Byju's, faced the insolvency petition due to non-payment of dues owed to BCCI. The NCLT's decision marks a significant development in corporate insolvency proceedings within the educational technology sector.

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NCLT Bengaluru Admits BCCI's Insolvency Plea Against Think And Learn Pvt. Ltd. With Default Of Rs. 158 Crores

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