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Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
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US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
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Byju's Insolvency Threatens Future Of Thousands Of Employees
The insolvency of education technology company Byju's threatens to be the biggest upset in a celebrated startup sector, unleashing a long battle by thousands of panic-stricken employees to recover dues and protect their careers.
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No July Salaries For Byju's Employees Yet, Founder Explains Why
Embattled edtech company Byju's is yet to pay July salaries to its thousands of employees and its Founder and CEO, Byju Raveendran, on Tuesday addressed workers, promising swift resolution despite facing several legal challenges.
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Byju's, Cricket Board BCCI Reach Settlement, Says Lawyer
Embattled ed-tech startup Byju's and the Board of Control for Cricket in India (BCCI) have arrived at a settlement, a lawyer said on Wednesday.
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Law Tribunal Judge Recuses From Hearing Byjus Plea Against Insolvency Proceedings
A judicial member of the National Company Law Appellate Tribunal (NCLAT), Chennai, on Monday recused himself from hearing a plea by Byju's Founder Byju Raveendran against the insolvency petition against his company, Think & Learn Private Ltd.
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Byju's Founder Faces Reckoning As Company's Valuation Drops To $2 Billion
Byju Raveendran, the mathematics whiz who soared from teacher to startup billionaire before his education technology company imploded this year, now faces his biggest test.
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Byju's Faces Total Shutdown If Insolvency Proceeds, Says CEO Byju Raveendran
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters.
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Byju's Appeals Insolvency Order, Seeks Urgent Hearing: Report
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.
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Probe Finds No Financial Fraud At Byju's But Cites Lapses In Corporate Governance
Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a year-long investigation by the government has found. However, the company did go through lapses in its corporate governance structure, the government added.
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Byju's Paying Employee Salaries For May From "Collections": Report
Embattled edtech company Byju's was expected to release salaries for the month of May for its employees on Monday, after several delays earlier owing to a severe cash crunch and mounting legal battles.
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Byju's To Lay Off 500 Employees Amid Financial Crunch: Report
Byju's is laying off about 500 employees, including from sales, amid a financial crunch, sources said, even as the troubled edtech firm maintained that it is in the final stages of business restructuring to streamline operations.
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Byju's Delays Salaries Again, Blames "Few Misguided Foreign Investors"
Embattled edtech company Byju's has informed its employees that there will "again" be a delay in disbursement of salaries.
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Law Tribunal Rejects Petition To Halt Byju's Key Shareholders' Meet
The National Company Law Tribunal (NCLT) rejected investors' plea to halt Byju's extraordinary general meeting (EGM) scheduled for Friday.
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Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
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Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
-
US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
-
Byju's Insolvency Threatens Future Of Thousands Of Employees
The insolvency of education technology company Byju's threatens to be the biggest upset in a celebrated startup sector, unleashing a long battle by thousands of panic-stricken employees to recover dues and protect their careers.
-
No July Salaries For Byju's Employees Yet, Founder Explains Why
Embattled edtech company Byju's is yet to pay July salaries to its thousands of employees and its Founder and CEO, Byju Raveendran, on Tuesday addressed workers, promising swift resolution despite facing several legal challenges.
-
Byju's, Cricket Board BCCI Reach Settlement, Says Lawyer
Embattled ed-tech startup Byju's and the Board of Control for Cricket in India (BCCI) have arrived at a settlement, a lawyer said on Wednesday.
-
Law Tribunal Judge Recuses From Hearing Byjus Plea Against Insolvency Proceedings
A judicial member of the National Company Law Appellate Tribunal (NCLAT), Chennai, on Monday recused himself from hearing a plea by Byju's Founder Byju Raveendran against the insolvency petition against his company, Think & Learn Private Ltd.
-
Byju's Founder Faces Reckoning As Company's Valuation Drops To $2 Billion
Byju Raveendran, the mathematics whiz who soared from teacher to startup billionaire before his education technology company imploded this year, now faces his biggest test.
-
Byju's Faces Total Shutdown If Insolvency Proceeds, Says CEO Byju Raveendran
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters.
-
Byju's Appeals Insolvency Order, Seeks Urgent Hearing: Report
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.
-
Probe Finds No Financial Fraud At Byju's But Cites Lapses In Corporate Governance
Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a year-long investigation by the government has found. However, the company did go through lapses in its corporate governance structure, the government added.
-
Byju's Paying Employee Salaries For May From "Collections": Report
Embattled edtech company Byju's was expected to release salaries for the month of May for its employees on Monday, after several delays earlier owing to a severe cash crunch and mounting legal battles.
-
Byju's To Lay Off 500 Employees Amid Financial Crunch: Report
Byju's is laying off about 500 employees, including from sales, amid a financial crunch, sources said, even as the troubled edtech firm maintained that it is in the final stages of business restructuring to streamline operations.
-
Byju's Delays Salaries Again, Blames "Few Misguided Foreign Investors"
Embattled edtech company Byju's has informed its employees that there will "again" be a delay in disbursement of salaries.
-
Law Tribunal Rejects Petition To Halt Byju's Key Shareholders' Meet
The National Company Law Tribunal (NCLT) rejected investors' plea to halt Byju's extraordinary general meeting (EGM) scheduled for Friday.
-
Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
