Edtech Firm Byju’s Seeks to Settle Debt With Cricket Board
- Appellate court will hear the case again on Wednesday
- Byju’s lawyer says the matter is almost resolved with BCCI
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Byju’s is in talks to settle the dues it owes India’s cricket governing body, lawyers for both sides told a court Tuesday, raising the prospect that the online tutoring startup may resolve a key dispute and avert insolvency.
Byju’s has “almost resolved” a dispute over unpaid fees to the Board of Control for Cricket in India and will pay “a certain tranche of the money” by this evening, Arun Kathpalia, a lawyer representing the edtech firm told the National Company Law Appellate Tribunal during a hearing. A lawyer for BCCI also said in court both parties were engaged in settlement talks. The NCLAT will next hear the matter Wednesday.