The Board of Cricket Control in India (BCCI) has stirred the cricketing world by accusing Byju of defaulting on a payment of Rs 158 crore. This financial dispute has caught the National Company Law Tribunal’s (NCLT) attention, raising questions about the future partnership between the educational giant and the cricketing body.
In a recent petition, BCCI claims dues of Rs 158 crore as an operational creditor under section 9 of the Insolvency & Bankruptcy Code 2016. The allegation sheds light on a potential breach of financial commitments by Byju’s, a company that entered into a significant partnership with BCCI in 2019.
The National Company Law Tribunal should have spent more time addressing the matter. By issuing a notice to Byju, the NCLT has set a timeline of two weeks for the education-related firm to file a case in response. This legal development brings the intricacies of the financial dispute to the forefront.
BCCI, through the NCLT, has communicated the default amount of Rs 158 crore to Byju’s, excluding TDS. The petition aims to secure the financial interests of BCCI and seeks resolution through legal channels.
“It is stated that the General notice was issued to BYJU’s vide email dated 06.01.2023 and the default amount of Rs.158 crore. excluding TDS as reflected. Two weeks is granted to the Respondent (Byju’s) to file a reply and one week thereafter is granted to the Applicant (BCCI) to file rejoinder, if any, after duly serving the copy on the other side.”
The ball is now in Byju’s court as they face the two-week deadline to respond to the allegations. This section will delve into Byju’s potential legal strategies, their response to the accusations, and the trajectory of the dispute within the legal framework.
Amidst the financial turbulence, the Indian Cricket Team gears up for its upcoming tour to South Africa. The article will explore the squad announcement, highlighting the infusion of young talent across formats.
BCCI’s squad announcement for the South Africa tour has captured attention, with opportunities given to emerging talents. This section will spotlight the young players set to make a mark in the international cricketing arena.
We’ll break down the tour schedule as the cricketing focus shifts to South Africa. From the T20I series starting on 10th December to the Test series culminating on 7th January, this section will provide an overview of the action-packed schedule.
Fact Check: The Truth Behind The Viral Video Of Shakib Al Hasan’s Incident At Airport
Recapping India’s recent T20I series against Australia, where they emerged victorious with a 4-1 margin under the leadership of Suryakumar Yadav. With Virat Kohli resting, Suryakumar Yadav took the reins during the T20I series against Australia. This section will explore his captaincy and the team’s performance under his leadership.
KL Rahul and Rohit Sharma have been appointed captains for the ODI and Test series. This section will discuss the leadership choices and the responsibilities they carry. Examining India’s historical challenges in winning the Test series in South Africa, this section will provide context to the significance of the upcoming series and the opportunity for India to rewrite history.
