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Another Byju's Auditor Resigns, Firm Shares "Real Reason" Behind Exit
Grappling with several issues, Byju's has found itself in new controversy as its auditor BDO resigned with immediate effect, highlighting multiple issues with the embattled edtech firm, including significant delays in financial reporting.
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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 Says US Court Rejection To Lenders A "Win" For "Turnaround Efforts"
Byju's said on Thursday that a US court has shunned its lenders' attempts to block its settlement with the cricket board, calling it a "win" for its "turnaround efforts" in the country where it was once valued at $22 billion.
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In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
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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 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 Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
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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 Billionaire Founder Gets Court Relief In Fight Against Shareholders
Ed-tech firm Byju's said Wednesday a court had given it temporary protection in its fight against a group of shareholders trying to sack the company's billionaire founder.
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BYJU's To Lay Off 3,500 Employees "Overhired" During Pandemic: Report
Byju's Lay Off 2023: Edtech major BYJU's may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said.
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Byju's To Fire Around 1,000 Employees, Offer 2-Month Severance Pay: Report
Marketing managers have been asked to fire two people each from sales and marketing from each of its 280 tuition centres across the country, the report said, citing sources. Around 150 marketing managers also stand to lose their jobs.
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Another Byju's Auditor Resigns, Firm Shares "Real Reason" Behind Exit
Grappling with several issues, Byju's has found itself in new controversy as its auditor BDO resigned with immediate effect, highlighting multiple issues with the embattled edtech firm, including significant delays in financial reporting.
-
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 Says US Court Rejection To Lenders A "Win" For "Turnaround Efforts"
Byju's said on Thursday that a US court has shunned its lenders' attempts to block its settlement with the cricket board, calling it a "win" for its "turnaround efforts" in the country where it was once valued at $22 billion.
-
In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
-
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 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 Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
-
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.
-
Byju's Billionaire Founder Gets Court Relief In Fight Against Shareholders
Ed-tech firm Byju's said Wednesday a court had given it temporary protection in its fight against a group of shareholders trying to sack the company's billionaire founder.
-
BYJU's To Lay Off 3,500 Employees "Overhired" During Pandemic: Report
Byju's Lay Off 2023: Edtech major BYJU's may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said.
-
Byju's To Fire Around 1,000 Employees, Offer 2-Month Severance Pay: Report
Marketing managers have been asked to fire two people each from sales and marketing from each of its 280 tuition centres across the country, the report said, citing sources. Around 150 marketing managers also stand to lose their jobs.
