Now, Oppo turns to NCLT for recovering dues from Byju’s

China’s Oppo Mobiles Pvt. Ltd on Wednesday filed an insolvency plea against Byju’s to recover its dues, joining a growing list of operational creditors taking legal action against the struggling edtech company.

The plea, filed in the Bengaluru bench of National Company Law Tribunal under Section 9 of the Insolvency and Bankruptcy Code (IBC), seeks to initiate a corporate insolvency resolution process after Byju’s defaulted on its payments. Oppo did not disclose the amount due.

Byju’s will have two weeks to respond. NCLT will hear the case on 28 May.

MZM Legal is appearing for Byju’s, while Oppo is represented by Vruksha Law Chambers. The NCLT bench, headed by Justices K. Biswal and Manoj Kumar Dubey, is hearing several insolvency petitions against the troubled Byju’s.

Other operational creditors include BCCI, Teleperformance Business Services and Surfer Technologies. On Wednesday, Teleperformance requested more time to finalize the settlement with Byju’s, while Byju’s counsel also made a similar request.

The NCLT granted 15 days for the settlement discussions, saying that if both the parties failed to reach a settlement by 28 May, the case will proceed on its merits.

On 18 April, Teleperformance had initiated insolvency proceedings, following Byju’s default on a ₹5 crore payment.

In another case, the NCLT bench has imposed a fine of ₹20,000 on Byju’s for failing to reply to a plea filed by Surfer Technologies. After the senior counsel for Byju’s informed the tribunal that a compliance affidavit had been filed regarding the cost, the tribunal granted Surfer Technologies two weeks to file a rejoinder in the matter.

MZM Legal is appearing for Byju’s, while Oppo is represented by Vruksha Law Chambers