Right fees payable to BCCI by BYJU is operational debt: NCLT Bengaluru

Board of Control For Cricket In India Vs Think & Learn Private Limited (NCLT Bengaluru) NCLT Bengaluru held that ‘right fees’ for which operational creditor (BCCI) is liable to be paid by Corporate Debtor (BYJU’s) falls within the definition of ‘operational debt’ within section 5(21) of the Code. Hence, petition filed u/s 9 to initiate CIRP accepted. Facts- The present petition is filed u/s. 9 of the Insolvency and Bankruptcy Code, 2016 r/w. Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016, by The Board of Control for Cricket in India (�...