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The top court also ordered that the Rs 158 crore settlement amount between BCCI and the edtech firm be deposited with the lenders’ panel in charge of insolvency proceedings.

The math learning platform is growing fast and expanding globally. Success will depend on how smartly it can manoeuvre the very pitfalls that have crippled peers.
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
As the company weighs a move into test prep ahead of a 2027 IPO, the question is whether entering a category from which upGrad has consciously stayed away so far makes sense.