Page 13 - Bcci

SC stays NCLAT order approving Byju's settlement of dues with BCCI

The money that Byju's has paid to the BCCI will be kept in a separate escrow account, a bench led by Chief Justice of India (CJI) DY Chandrachud said

SC stays NCLAT verdict approving Byju's dues settlement with BCCI

The Supreme Court on Wednesday stayed the verdict of the insolvency appellate tribunal, NCLAT, approving Rs 158.9 crore dues settlement of edtech major Byju's with the BCCI. A bench headed by Chief Justice D Y Chandrachud also stayed the NCLAT verdict setting aside the insolvency proceedings against Byju's. It issued notices to Byju's on a plea of US-based creditor Glas Trust Company LLC against the NCLAT verdict. The bench, also comprising justices J B Pardiwala and Manoj Misra, directed the BCCI to keep in a separate account Rs 158.9 crore received by it from Byju's in view of a settlement. On August 2, the National Company Law Appellate Tribunal (NCLAT) had approved the Rs 158.9 crore dues settlement with the BCCI and set aside insolvency proceedings against Byju's, a move that will effectively put Byju Raveendran back in control of the firm.

Would rather fail than play safe in cricket and life, says Ashwin

Engineer, cricketer, a popular youtuber and now an author too. Parallel processing or multi-tasking comes easy to R Ashwin, who would rather fail than play safe whether it's life or cricket. The 37-year-old off-spinner, one of the sharpest minds in international cricket right now, is also a refreshingly candid voice with 516 Test wickets lending considerable weight to his views. He is currently enjoying the critical success of his book "I Have The Streets: A Kutti Cricket Story'. Co-authored by Sidharth Monga and published by Penguin Random House, it chronicles Ashwin's life till 2011 and also gives a peak into his mind, which enjoys probability analysis as much as decoding a difficult batter. "I am living my life, that's it. I am not thinking about accomplishing 'A', 'B' or 'C' (targets). I am staying in the moment. I am a creative person in general, and if I feel I want to do something, I will go ahead and do it. (Whether it's) right or wrong, is something that I will assimilate .

Kohli to Pant: Indian stars likely to compete in Duleep Trophy 2024

Regular test players of India will be taking part in the 17th edition of Duleep Trophy as per BCCI's orders

Insolvency-quashing order: US lenders to Byju's file appeal in SC

Before the tribunal, Glas said founder Byju Raveendran and his brother used the money owed to lenders to clear the cricket board's dues

Retired players to enter IPL mega auction as uncapped players? Here's how

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.

NCLAT approves Byju's settlement with BCCI, sets aside insolvency plea

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

Money paid to BCCI is 'clean money', Riju Raveendran tells NCLAT

Formation of committee of creditors stayed till August 2

NCLAT defers edtech major Byju's, BCCI settlement after lender alert

Raveendran's brother had made part-payment on Tuesday

Legendary cricketer Anshuman Gaekwad dies at 71 after battling cancer

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.

Byju's vs BCCI row: Edtech platform, cricket board reach settlement

Ed-tech startup Byju's will make payment to BCCI, founder Byju Raveendran's brother Riju Raveendran will complete the process, the lawyer added

BCCI in discussion with Byju's to settle dispute related to unpaid dues

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

Byjus vs BCCI row: Edtech firm seeks to settle debt with cricket board

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

BCCI accuses Byju's CEO of misleading Karnataka HC in insolvency hearing

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 ruled out of series against India

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 appeals to NCLAT Chennai against insolvency; hearing set for July 29

Byju's owes its creditors - BCCI, OPPO, Surfer Technologies, Cogent E Services, McGraw Hill Education India, and iEnergizer Services - more than Rs 200 crore

BCCI to provide Rs 8.5 cr to IOA for Paris Olympics: Secy Jay Shah

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.

I had skills but Gautam bhai changed my mindset in KKR, says Harshit Rana

"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

All-rounder Hardik Pandya, wife Natasa Stankovic officially part ways

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 ...

Edtech firm Byju's moves NCLAT against NCLT order, seeks urgent hearing

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