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Will Byju's settle the Rs 158 crore dues with BCCI by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Byju's, BCCI, or court records
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India's Supreme Court Revives Byju's Insolvency Proceedings, Halts Rs 158 Crore BCCI Settlement
Aug 14, 2024, 07:24 AM
US lenders have appealed to India's Supreme Court against a previous verdict that quashed insolvency proceedings against the education startup Byju's. The appeal was led by Glas Trust Company LLC, representing some of Byju's lenders, including those involved in a $1.2 billion term loan. India's top court has now revived the insolvency proceedings, marking a setback for Byju's. Additionally, the Supreme Court has stayed an NCLAT order that allowed Byju's to settle its dues with the Board of Control for Cricket in India (BCCI) by paying Rs 158 crore. The court has asked BCCI to maintain the Rs 158 crore in a separate account.
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Yes • 50%
No • 50%
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%
Yes • 50%
No • 50%
Byju's pays the due TDS • 25%
Byju's gets a penalty • 25%
Byju's gets a waiver • 25%
Other • 25%
Successful appeal • 25%
Company restructured • 25%
Company liquidated • 25%
Other outcome • 25%
Plea accepted and reclassification ordered • 25%
Plea accepted but no reclassification • 25%
Plea rejected • 25%
Case unresolved by deadline • 25%