Byju

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Byju’s Insolvency Proceedings Case: Supreme Court Schedules Plea Hearing For September 17 | Economy News

New Delhi: The supreme court on wednesday announced it will hear on September 17 an appeal by US-based creditor Glas Trust Company LLC. The appeal challenges a previous NCLAT ruling that paused insolvency proceedings against ed-tech company BYJU’s and approved a settlement of RS 158.9 crore in dues with the BCCI. A bench led by […]

ABHISEK RAJPUT

September 11, 2024

Byju’s Auditor BDO Resigns Following Bankruptcy Proceedings, Company Reports | Companies News

New Delhi: Byju’s, the Indian education technology giant has announced that its auditor, BDO Global has resigned. The decision came after the company failed to provide the necessary documents following the start of insolvency proceedings, Byju’s said on Saturday. This marks another challenge for the startup as it navigates ongoing financial difficulties. The Edtech firm […]

ABHISEK RAJPUT

September 7, 2024

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Byju’s Employees Haven’t Received July Salaries Yet, CEO Explains Why | Economy News

New Delhi: Employees at Edtech firm Think and Learn, the company behind Byju’s have not received their July salaries. According to CEO Byju Raveendran, the delay occurred because the company was temporarily unable to access its accounts due to a Supreme Court stay on a recent decision by the National Company Law Appellate Tribunal (NCLAT). […]

ABHISEK RAJPUT

August 21, 2024

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NCLAT Gives Nod To Byju’s Settlement With BCCI, Sets Aside Insolvency Plea | Companies News

New Delhi: In a big relief to Byju’s, the National Company Law Appellate Tribunal (NCLAT) on Friday set aside the insolvency proceedings against the embattled edtech firm after approving its settlement with the Board of Control for Cricket in India (BCCI) in connection with the repayment of dues amounting to over Rs 158 crore. The […]

ABHISEK RAJPUT

August 2, 2024

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Byju’s Ex-Director Riju Ravindran Fined $10,000 Daily Until $533M Missing Funds Found | Companies News

New Delhi: Riju Ravindran, the brother of Byju’s founder has been ordered by a judge to pay 10,000 dollars (over 8 lakhs rupees) a day until he assists in locating 533 million dollars that the company is accused of hiding from US lenders. The directive comes amid a nearly two-year-old dispute over the missing funds, […]

ABHISEK RAJPUT

August 1, 2024

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Byju’s Settles Dues With BCCI; Riju Raveendran To Pay Rs 158 Cr In Outstanding Amount | Companies News

New Delhi: Embattled edtech startup Byju’s and the Board of Control for Cricket in India (BCCI) have come to an agreement regarding unpaid dues, according to a report by The Economic Times. Arun Kathpalia, the founder’s legal counsel, on Wednesday told the National Company Law Appellate Tribunal (NCLAT) that a portion of the settlement amount […]

ABHISEK RAJPUT

July 31, 2024

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MCA Denies Clean Chit To Byju’s In Financial Fraud Case, Confirms Ongoing Probe | Companies News

New Delhi: The Centre clarified on Wednesday that an investigation by the Ministry of Corporate Affairs has not cleared edtech firm Byju’s of financial fraud, confirming that the investigation is still ongoing. “There have been reports claiming that edtech startup Byju’s has been cleared of financial fraud in an ongoing investigation by the Ministry of […]

ABHISEK RAJPUT

June 26, 2024

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Byju’s, Once Valued At $22 Billion, Is Now Worth “Zero” | Companies News

New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. “We assign zero value to Byju’s stake amid multiple legal cases and funding crunch,” HSBC said in a note on May 21. […]

ABHISEK RAJPUT

June 8, 2024

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