Indian edtech startup Byju's fights to avoid insolvency

Struggling company tries to settle unpaid fees to cricket body

20240730N Byjus

Byju's faces insolvency proceedings over failure to pay sponsorship fees to a national cricket body. © Reuters

RYOSUKE HANADA, Nikkei staff writer

MUMBAI -- Efforts by Indian educational technology provider Byju's to avoid insolvency hang in the balance as the once-high-flying startup seeks to settle a creditor dispute.

A lawyer representing the company told the National Company Law Appellate Tribunal on Tuesday that it was working to resolve a dispute over unpaid fees to the Board of Control for Cricket in India (BCCI), Byju's parent Think and Learn said.

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