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Will Byju Raveendran lose control of Byju's parent company by January 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official company announcements, news reports, or regulatory filings
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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Pankaj Srivastava • 25%
Byju Raveendran remains CEO • 25%
Other internal appointment • 25%
External appointment • 25%
Successful appeal at NCLAT • 25%
Out-of-court settlement with BCCI • 25%
Bankruptcy proceedings continue • 25%
Other • 25%
Insolvency proceedings continue • 25%
Insolvency proceedings quashed • 25%
Settlement reached with lenders • 25%
Byju's files for bankruptcy • 25%
Fully resolved with creditor payments • 25%
Partially resolved with ongoing disputes • 25%
No resolution reached • 25%
Proceedings extended beyond deadline • 25%
Byju's pays the due TDS • 25%
Byju's gets a penalty • 25%
Byju's gets a waiver • 25%
Other • 25%