The rule, allowing players being retired from international cricket for at least five years to be considered uncapped, was indeed present from 2008 to 2021 but was never put to use.
In a major relief to Byju's, the NCLAT on Friday set aside insolvency proceedings against the troubled edtech major over a sponsorship deal and approved a Rs 158 crore settlement with the Board of Control for Cricket in India. The National Company Law Appellate Tribunal (NCLAT), however, passed the order with a caveat that any failure to make payments on the specific dates mentioned in the undertaking would automatically lead to a revival of the insolvency proceedings against Byju's. The appellate tribunal also dismissed the allegation of round-tripping levelled by Byju's US-based lenders, saying they failed to provide any evidence for the same. The tribunal further said the money was paid by Riju Raveendran (brother of Byju Raveendran) through sales of his shares. "In view of the undertaking given and affidavit, the settlement between the parties (is) approved and as a result appeal succeeds and impugned order (passed by the NCLT) is set aside," said a two-member Chennai bench in
Formation of committee of creditors stayed till August 2
Raveendran's brother had made part-payment on Tuesday
Former India cricketer Anshuman Gaekwad died on Wednesday after a long battle with cancer. He was 71. Gaekwad played 40 Tests and 15 ODIs for India. He was also the coach of the Indian team that finished runners-up at the 2000 ICC Champions Trophy. Gaekwad was undergoing treatment for blood cancer at the King's College Hospital in London before returning back to the country last month. The BCCI gave Rs 1 crore for Gaekwad's treatment and members of the 1983 World Cup-winning team also did their bid to help the cricketer. Gaekwad has also played 205 first-class matches in a career spanning 22 years. He later took over as coach of the Indian team. His glorious moments came at Sharjah in 1998 and in a Test match at Ferozeshah Kotla when Anil Kumble took all 10 wickets in an innings against Pakistan in 1999.
Ed-tech startup Byju's will make payment to BCCI, founder Byju Raveendran's brother Riju Raveendran will complete the process, the lawyer added
Solicitor General Tushar Mehta, who appeared on behalf of the BCCI, informed the bench that some talks were on and the BCCI wanted time to see if "anything fruitful will come" out of such discussion
Byju's has 'almost resolved' the matter with Board of Control for Cricket in India and will pay 'a certain tranche of the money' by this evening, a lawyer representing the firm said
Byju's is currently dealing with claims exceeding Rs 200 crore from multiple creditors, including Rs 158 crore owed to BCCI
Sri Lanka fast bowler Dushmantha Chameera has been ruled out of Sri Lanka's white-ball home series against India owing to an injury, chief selector Upul Tharanga said on Wednesday. A replacement will be named shortly by Sri Lanka Cricket (SLC). "Yesterday we got the reports, and it can be confirmed that he will miss the T20Is and ODIs against India," Tharanga said during a press in which newly appointed interim head coach Sanath Jayasuriya was also present. "We will name a replacement shortly." The 32-year-old Chameera, who made his international debut for Sri Lanka in 2015 and bowls at a good pace, has been plagued with injuries throughout his career. So far, he has played 12 Tests, 52 ODIs, and 55 T20 matches, taking 32, 56 and 55 wickets respectively. Chameera didn't play the last few matches for Kandy Falcons in the recently-concluded Lanka Premier League (LPL). However, it is not clear as to when he picked up the injury. Among big events, Chameera missed the Asia Cup in 202
Byju's owes its creditors - BCCI, OPPO, Surfer Technologies, Cogent E Services, McGraw Hill Education India, and iEnergizer Services - more than Rs 200 crore
The Board of Control for Cricket in India (BCCI) on Sunday announced financial assistance to the Paris Olympics-bound Indian athletes, contributing Rs 8.5 crore to the Indian Olympic Association (IOA) for their campaign. The Paris Games will begin from July 26. "I am proud to announce that the @BCCI will be supporting our incredible athletes representing #India at the 2024 Paris Olympics. We are providing INR 8.5 Crores to the IOA for the campaign," BCCI secretary Jay Shah wrote on his 'X' account. "To our entire contingent, we wish you the very best. Make India proud! Jai Hind!" As many as 117 athletes will represent India at the Paris Olympics. There will also be 140-strong support staff, making it a 257-member contingent.
"Delhi mein dil tooth sakta hai par humne kabhi hausla nahi haraa (You can get hurt in Delhi but I never lost hope)." These were an emotional Harshit Rana's first words after learning about his maiden call-up in the Indian ODI team comprising icons Virat Kohli and Rohit Sharma. The 22-year-old speedster from Delhi's South Extension, who did the tough grind since the junior levels, often got overlooked, but one stellar IPL season of 19 wickets in Kolkata Knight Riders' triumphant campaign brought him into the national reckoning. "I believed in working hard but whenever I used to get hurt after being overlooked in age-group teams, I would sit in my room and start sobbing. My father Pradeep never ever gave up hope. "If I have to name three people whom I am indebted to in this beautiful journey of mine, then it is my father for his efforts, my personal coach Amit Bhandari sir (former India and Delhi pacer) and above everyone else Gauti bhaiyya (Gautam Gambhir)," Rana told PTI during an
Star India all-rounder Hardik Pandya, on Thursday, announced his separation with wife Natasa Stankovic after a relationship of four years. The couple disclosed the decision in a joint statement on their official Instagram accounts. Pandya and Stankovic got married on May 31, 2020, and welcomed their first child, son Agastya on July 30 of the same year. They renewed their wedding vows in the presence of close friends and family on February 14, 2023 in Udaipur in a grand celebration. "After 4 years of being together, Natasa and I have decided to mutually part ways. We tried our best together and gave it our all, and we believe this is in the best interest for both of us. This was a tough decision for us to make, given the joy, mutual respect and companionship we enjoyed together and as we grew a family," the couple said in the joint statement. "We are blessed with Agastya, who will continue to be at the centre of both of our lives and we will co-parent to ensure that we give him ...
Byju's, once valued at $22 billion, is seeking an urgent hearing at NCLAT against the insolvency order by NCLT based on a plea from BCCI over the non-payment of Rs 158 crore
Crisis-ridden Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said. Sources privy to the development said that the company is seeking an urgent hearing on the matter. Byju's did not comment on the issue. According to sources, Byju's on Thursday moved the appellate tribunal, NCLAT, contesting the recent order of NCLT's Bengaluru bench that had admitted the cricket board's plea to start insolvency proceedings against the parent company Think and Learn, after the edtech firm failed to pay Rs 158.9 crore dues. Founder and CEO Byju Raveendran will report to the resolution professional. NCLT has appointed Pankaj Srivastava as the interim resolution professional. Byju's had previously sponsored the Indian cricket team. Earlier this week, Byju's had said it is hopeful of reaching "an amicable settlement" with
All eyes will be on BCCI secretary Jay Shah during the four-day ICC Annual Conference in Colombo, starting on Friday, where there might be serious discussions about when he will take over from New Zealander Greg Barclay as the chairman of the global body. The ICC conference that starts with the board meeting on Friday is expected to be dominated by losses to the tune of more than USD 20 million incurred by the global body for hosting T20 World Cup games in the United States of America. While the nine-point agenda of the AGM (a copy of which is with the PTI) doesn't include the event's financial details, but it will be discussed by the board as a "post-event report", which is a standard operating procedure. ICC's new external auditor appointment is also on the agenda along with discussions on ICC memberships, report from associate member's meeting and ICC development Awards presentation. The other important point -- India not travelling to Pakistan for the Champions Trophy -- is not
Edtech company put under moratorium after tribunal finds it defaulted on due owned to BCCI
Byju's, founded by teacher Byju Raveendran, was valued at $22 billion at its peak but ran into financial and legal problems after its business dried up
Byju's insolvency proceedings were triggered by BCCI's claim of unpaid dues amounting to Rs 158 crore