BCCI takes edtech firm Byjus to NCLT over sponsorship dues
A report published in The Morning Context stated, the case, filed in September and registered earlier this month, is related to a dispute around the sponsorship of the Indian cricket teams jerseys.
The Board of Control for Cricket in India (BCCI) has taken Think & Learn, the parent company of Byju's, to the National Company Law Tribunal (NCLT), reports said.
A report published in 'The Morning Context' stated, the case, filed in September and registered earlier this month, is related to a dispute around the sponsorship of the Indian cricket team's jerseys.
“There is no way to be sure about the amount, but it can vary between Rs 100 crore and Rs 250 crore,” it said. "Byju's wanted to exit its jersey sponsorship deal with the BCCI in December 2022." The BCCI officials were unavailable to comment on the matter.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.