Byju's will shutdown completely if insolvency proceeds, says Byju's Raveendran: Report
New Delhi: Insolvency proceedings against Byju's, once India’s largest startup with a valuation of $22 billion, could lead to mass employee layoffs and a complete halt of its services, Reuters reported, citing a court filing by its CEO.
Byju's to challenge insolvency proceedings this week
Bengaluru: Education technology company Byju's will challenge insolvency proceedings initiated against it in an effort to block the process this week, as the startup, once valued at $22 billion, tries to navigate its current crisis, two sources said on Wednesday, Reuters reported.
NCLT warns Byju's to pay salaries to workers or face an audit
Bengaluru: The National Company Law Tribunal (NCLT) has directed Byju's to pay its employees' salaries, whether or not the company has access to funds raised through its rights issue, media reported.
Byju's exploring out-of-court settlements with two of its creditors: Report
New Delhi: Troubled ed-tech firm Byju's is looking into out-of-court settlements with two of its creditors, Teleperformance and Surfer Technologies, the National Company Law Tribunal (NCLT) was informed on Tuesday, media reported.
Byju's gets 3 NCLT notices over non-payment of dues: Report
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases related to unpaid dues to operational creditors, media reports said.
Byju's founder, whose net worth was Rs. 17,545 crore a year ago, no longer a billionaire
Mumbai/IBNS: Indian multinational educational technology company Byju's founder, Byju Raveendran's net worth is now zero, a year after he had Rs. 17,545 crore a year ago.
Bengaluru: Cash-strapped ed-tech company Byju's has reportedly implemented layoffs, affecting approximately 500 employees, mainly in sales and marketing roles.
Byju's claims resolutions passed at EGM to remove founder invalid
Bengaluru: Ahead of the results of the voting to remove Byju's founder and CEO Byju Raveendran during an extraordinary general meeting (EGM), the ed-tech company claimed in a statement to the media that the decisions made by shareholders are null and void.
Shareholders pass resolution to oust Byju Raveendran-led management at EGM
Bengaluru: A consortium of prominent investors including Prosus, General Atlantic, and Peak XV on Friday made the decision to remove Chief Executive Officer (CEO) Byju Raveendran from his position at the helm of the edtech company Byju's, media reported.
American finance company approaches NCLT to initiate insolvency proceedings against Byju's
Bengaluru: Glas Trust Company LLC, a United States-based non-bank loan agency, filed a plea for insolvency against the troubled-ed tech firm Byju's at the National Company Law Tribunal (NCLT) in Bengaluru, a media report said.
BCCI files case against Byju's with NCLT
New Delhi: Troubled ed-tech company Byju’s is facing fresh challenges as the Board of Control for Cricket in India (BCCI) has dragged the firm to the National Company Law Tribunal, the adjudicator’s website says.
Enforcement Directorate confirms issue of show cause notice against Byju's in FEMA violation case
New Delhi: The Enforcement Directorate (ED) Tuesday officially confirmed the issuance of a show cause notice to the edtech firm Think and Learn Private Limited, as well as to Byju Raveendran, in connection with a FEMA violation case.
Trouble edtech startup Byju's reports Rs 2,250 cr loss in its delayed financial results
Bengaluru: Education startup Byju's finally released its financial results on Saturday, after several delays. The results revealed that its parent company, Think & Learn Pvt., reported a slight reduction in losses, despite a surge in business during the pandemic.
Mumbai: Ajay Goel, who served as the CFO of troubled edu-startup Byju's, has resigned just half a year after joining the company, media reports said.
Byju's appoints company veteran Arjun Mohan CEO of India ops
Bengaluru: Edtech company Byju's has appointed long-standing company member Arjun Mohan as the CEO of its India operations, succeeding Mrinal Mohit.