BCCI takes BYJU's to NCLT

The Board of Control for Cricket in India (BCCI) moved the National Company Law Tribunal (NCLT) against BYJU’S, alleging breach of a sponsorship contract withdrawal. BYJU’S claims discussions with BCCI to settle INR 160 crore unpaid dues, despite the absence of a written contract. The NCLT Bangalore, under the Insolvency and Bankruptcy Code, registered the BCCI petition on September 8, with a hearing set for December 22. After OPPO's contract termination, BYJU’S became Team India's official jersey partner, extending the partnership for 18 months without a written agreement. BYJU’S withdrew from the contract midway during the extension period, with payments made to BCCI until September 2022. Earlier, BYJU’S had announced non-renewal of branding partnerships for profitability reasons and financial challenges, a few months before Dream11 became Team India's jersey sponsor at INR 358 crore for three years.