October 15, 2024 14:25 (IST)
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Supreme Court slams NCLAT for closing Byju's insolvency case after settlement with BCCI

New Delhi: The Supreme Court on Wednesday raised concerns over the National Company Law Appellate Tribunal’s (NCLAT) decision to close insolvency proceedings against ed-tech giant Byju’s following its approval of a Rs 158.9 crore settlement with the Board of Control for Cricket in India (BCCI), according to a media report.

Byju's reaches settlement with BCCI, Riju Raveendran to pay the dues: Report

Bengaluru: Byju's founder, Byju Raveendran, and the Board of Control for Cricket in India (BCCI) have settled their dispute over outstanding payments, media reports said.

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.

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.

Education startup Unacademy lays off 250 employees in fresh round

Bengaluru: SoftBank-backed edtech startup Unacademy has laid off 250 employees in a new round of company-wide layoffs, 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 lays off 500 employees

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.

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.

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.

Byju's CFO Ajay Goel quits

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.  

Byju's likely to secure $1 billion in funding amid funding winter: Report

Bengaluru: Ed-tech firm Byju's is preparing to secure a substantial funding round of $1 billion through a combination of equity and structured instruments, Moneycontrol reported.