India, Nov. 25 -- Significant changes have occurred in the relationship between Byju's and the Board of Control for Cricket in India (BCCI), especially concerning the outstanding sponsorship dues. In March 2019, Byju's signed a sponsorship agreement with BCCI. The agreement was initially for three years. However, it was later extended without a formal contract. The business paid on time until September 2022; then, there were disagreements about payments from October 2022 to March 2023. After recovery attempts failed, the BCCI filed a lawsuit, claiming that Byju's owes over Rs.158 crore (about $19 million) in unpaid sponsorship payments. The former insolvency initiator, BCCI, went to NCLT to request that its petition against Byju's be with...
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