India, March 20 -- In yet another twist in BYJU'S insolvency proceedings, the edtech giant's founders have reportedly accused the former interim resolution professional (IRP) Pankaj Srivastava of delaying the submission of the Board of Control for Cricket in India's (BCCI) settlement application.

If the submissions were made on time, BYJU'S could have emerged from insolvency by now, the counsel for the cofounders reportedly said during a hearing at the National Company Law Appellate Tribunal's (NCLAT) Chennai bench, Business Standard reported.

The bench was hearing an appeal filed by BYJU'S director Riju Raveendran against the decision of the Bengaluru bench of the National Company Law Tribunal (NCLT) to block the withdrawal of insolven...