|
BCCI drags Byju's to NCLT over 160 crore 'dues'
![IndiaTimes]()
Wednesday, 29 November 2023
The BCCI has taken Byju's to the NCLT for non-payment of Rs 160 crore in sponsorship money after the contract expired. Byju's is in discussions with the BCCI to settle the matter. The dispute is related to the sponsorship contract that ended in March 2022. Byju's extended the agreement until November 2023, but the BCCI wanted it to continue until March 2023 for a new sponsor. Byju's financial troubles include layoffs and EBITDA losses of Rs 2,253 crore in FY22. After over a year's delay, its financial results for FY22 revealed Rs 2,253 crore in EBITDA losses
|
|
Wednesday, 29 November 2023
