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Money paid to BCCI is 'clean money', Riju Raveendran tells NCLAT

Business Standard LogoBusiness Standard11h ago

Money paid to BCCI is 'clean money', Riju Raveendran tells NCLAT - Business Standard

Quick Summary:

The edtech company had then approached the National Company Law Appellate Tribunal (NCLAT) and said that Riju Raveendran would settle the dues.

The bankruptcy court in India had recently admitted an insolvency petition against Byju’s by the BCCI over dues amounting to Rs 158 crore.

The Indian cricket body informed the Chennai Bench of the NCLAT earlier that it had arrived at a settlement with Byju's about the payment of Rs 158.9 crore in dues that the edtech firm owed to the cricket body.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 19:23:39 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 740 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21886509

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Official Website: business-standard.com

Update Frequency: 307 posts per day

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News Last Updated: 5 hours ago

Coverage Areas: India

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Publisher ID: #49

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