Byju's Faces Bankruptcy Over ₹158 Crore Default

Edtech giant Byju's has been pulled into bankruptcy proceedings by the National Company Law Tribunal (NCLT) following a plea from the BCCI. The case arises from Byju's failure to pay ₹158 crore to the cricketing body. This financial dispute adds to the company's growing list of troubles, highlighting its struggles amidst a challenging market. The NCLT's decision to admit the BCCI's plea marks a significant setback for Byju's, as it navigates through a series of financial and operational difficulties, reflecting broader challenges in the edtech sector.



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