Tag: byju

U.S. court orders Byju to pay over $1 billion on petition of BYJU’s Alpha, GLAS Trust

November 22, 2025 admin

U.S. court orders Byju to pay over billion on petition of BYJU’s Alpha, GLAS Trust

According to the judgement dated November 20, 2025, the Delaware Bankruptcy Court found that Mr. Raveendran failed to comply with its discovery order and continued to be evasive on several occasion. A U.S. court has issued default judgement making Byju Raveendran liable to personally pay back over $1 billion based on the petition filed by…

Business

Supreme Court agrees to list plea related to insolvency proceedings against ed-tech firm Byju’s

September 6, 2024 admin

Supreme Court agreed to list for an early hearing the appeal of U.S.-based creditor Glas Trust Company LLC against a judgment of the NCLAT. File | Photo Credit: Reuters The Supreme Court on Friday (September 6, 2024) agreed to list for an early hearing the appeal of U.S.-based creditor Glas Trust Company LLC against a…

Business

Byju’s insolvency proceedings order: NCLAT Chennai judge refuses to hear appeal

July 29, 2024 admin

National Company Law Appellate Tribunal (NCLAT) Chennai Judicial Member Justice Sharad Kumar Sharma on July 29 refused to hear an appeal by Byju Raveendran against the insolvency proceedings ordered against Think & Learn Private Limited, which runs Byju’s, citing that he has appeared for Board of Control for Cricket in India (BCCI) as senior counsel…

Business

Byju’s insolvency proceedings order: NCLAT Chennai judge recuses himself from hearing appeal

July 29, 2024 admin

National Company Law Appellate Tribunal (NCLAT) Chennai Judicial Member Justice Sharad Kumar Sharma on July 29 recused himself from hearing an appeal by Byju Raveendran against the insolvency proceedings ordered against Think & Learn Private Limited, which runs Byju’s, citing that he has appeared for Board of Control for Cricket in India (BCCI) as senior…

Business

Crisis-Hit Byju’s Pays Full April Salary, Except To Sales Employees

May 3, 2024 admin

Byju’s is yet to pay the remaining part of the salaries for February and March. New Delhi: Embattled edtech platform Byju’s has paid full salary for April to employees in all functions, except sales staff, even as the company faces a liquidity crisis. According to IANS sources, the Edtech firm paid the full amount to…

Nation

Amid Byju’s Money Crunch, Employees’ Salaries Linked To Weekly Earnings: Report

May 2, 2024 admin

Byju’s new policy is applicable to sales teams, including Inside Sales (IS) and Byju’s Exam Prep teams New Delhi: Embattled edtech platform Byju’s, which is finding it difficult to pay full salaries amid severe cash crunch, has now linked sales employees’ pay to weekly revenue generation. The new company policy is currently applicable to sales…

Nation

Byju Raveendran’s Net Worth Was Rs 17,545 Crore A Year Ago. Today It Is…

April 3, 2024 admin

Byju Raveendran featured on the Forbes Billionaires list last year. (File) New Delhi: Byju Raveendran’s net worth a year ago was Rs 17,545 crore ($2.1 billion) and he featured in several prestigious ‘globe’s richest’ lists. However, according to the recently released Forbes Billionaire Index 2024, Mr Raveendran’s net worth has fallen to zero. This sharp…

Nation

Byju Hid Rs 4,400 Crore In Fund Once Run From Pancake Shop IHOP In US, Allege Lenders: Report

September 13, 2023 admin

An IHOP diner in the Little Havana district of Miami, Florida. (File) One of India’s hottest tech companies, Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash. Byju’s last year…

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