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The Court had issued notice to Byju Raveendran, his company Think and Learn Private Limited and the BCCI. | Photo Credit: ANI The Supreme Court on Thursday (August 22, 2024) did not heed repeated requests by debt-ridden ed-tech firm Byju’s and the Board of Control for Cricket in India (BCCI) to defer the Committee of…
Read More “SC rejects pleas of BCCI, Byju’s to defer Committee of Creditors from meeting” »
Representational image of the Byju’s logo | Photo Credit: Reuters The Supreme Court on Wednesday (August 14, 2024) revived insolvency proceedings against Byju’s by putting a previous tribunal order on hold, in a victory for U.S. lenders that say they are owed $1 billion by the education technology company. The Supreme Court order is a…
Byju Raveendran had moved the NCLAT against the insolvency proceeding order. (Representational) Chennai: 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. Justice Sharad Kumar Sharma, a…
Read More “Law Tribunal Judge Recuses From Hearing Byjus Plea Against Insolvency Proceedings” »
Byju’s logo. | Photo Credit: REUTERS Byju’s founder Byju Raveendran on March 2 said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Mr. Raveendran said the rights…
Majority of Byju’s shareholders on Friday voted unanimously for removing founder CEO Byju Raveendran and his family from the board over alleged “mismanagement and failures” at what was once India’s hottest tech startup, but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective. Founder CEO Raveendran…