In yet another setback for troubled edtech firm, Byju’s, the Board of Control for Cricket in India (BCCI) has taken it to the National Company Law Tribunal, according to information on the tribunal’s website.
The case was filed by BCCI on September 8, but was officially registered by NCLT on November 15. The case between the BCCI and the parent company of Byju’s, Think and Learn, was scheduled for a hearing on November 28, according to the NCLT website.
On Tuesday, the website updated that the case will be heard again on December 22. When contacted, a Byju’s spokesperson said, “We are in discussions with the BCCI to settle the matter, and we hope to achieve that soon”.
The development comes months after Byju’s announced that it would not renew its branding partnerships, citing a cost-cutting strategy to achieve profitability.
The company previously had three significant branding partnerships with the BCCI, ICC (International Cricket Council), and FIFA (Federation Internationale de Football Association), all of which were up for renewal in 2023. However, the company said earlier this year that it would not renew any of them. Its not clear whether the BCCI case pertains to this or some other issue.