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What will be the outcome of the insolvency resolution process for Byju's parent company by end of 2024?
3
Resolution / Starting Odds
Successful appeal • 25%
Company restructured • 25%
Company liquidated • 25%
Other outcome • 25%
Official court records, company announcements, or news reports
Story
NCLT Bengaluru Admits BCCI's Insolvency Plea Against Byju's Parent Company
Jul 16, 2024, 06:04 AM
The National Company Law Tribunal (NCLT) Bengaluru has admitted the Board of Control for Cricket in India's (BCCI) plea to initiate insolvency proceedings against Byju's parent company, Think & Learn. The order marks a significant development for the embattled ed-tech giant, which once boasted a $22 billion valuation. The insolvency resolution process could result in founder Byju Raveendran losing control of the company unless an appeal is made. This decision follows a series of financial challenges for Byju's, highlighting the company's dramatic fall from its peak valuation.
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Insolvency proceedings continue • 25%
Insolvency proceedings quashed • 25%
Settlement reached with lenders • 25%
Byju's files for bankruptcy • 25%
Successful appeal at NCLAT • 25%
Out-of-court settlement with BCCI • 25%
Bankruptcy proceedings continue • 25%
Other • 25%
Fully resolved with creditor payments • 25%
Partially resolved with ongoing disputes • 25%
No resolution reached • 25%
Proceedings extended beyond deadline • 25%
Full repayment • 25%
Partial repayment • 25%
No repayment • 25%
Loan restructured • 25%
Operational Creditor • 25%
Financial Creditor • 25%
Both classifications • 25%
Other classification • 25%
Acquisition • 25%
Merger • 25%
Funding round • 25%
No major move • 25%
Plea accepted and reclassification ordered • 25%
Plea accepted but no reclassification • 25%
Plea rejected • 25%
Case unresolved by deadline • 25%
Yes • 50%
No • 50%