BYJU's News & Updates

[Sushubh]

https://www.moneycontrol.com/technology/byjus-failed-to-deposit-tds-with-govt-since-last-year-claim-employees-article-12770271.html

 

[Sushubh]

Byju's moves NCLAT Chennai against insolvency proceedings ordered by NCLT

Edtech firm Byju’s has moved the National Company Appellate Tribunal (NCLAT), Chennai challenging the order of the NCLT Bengaluru that had admitted an insolvenc

www.barandbench.com

 

[Sushubh]

BCCI tells NCLAT it has arrived at settlement with Byju's

The Board of Control for Cricket in India (BCCI) on Wednesday informed the National Company Law Appellate Tribunal (NCLAT) that it has arrived at a settlement w

www.barandbench.com

 

[Sushubh]

Source

 

[Sushubh]

https://www.hindustantimes.com/business/supreme-court-stays-nclat-order-that-set-aside-insolvency-case-against-byjus-101723620932065.html

 

[Sushubh]

BYJU’S owes Rs 1,400 crore to Aakash, IBBI filing shows

The company also owed Rs 20.3 crore to InCred Financial Services, Rs 47 crore to Aditya Birla Finance and over Rs 11,000 crore to Glas Trust Company, which represents BYJU’S' US-based term loan B lenders.

yourstory.com

 

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[Sushubh]

Supreme Court asks Byju's, 'Why settle Rs 158 cr with BCCI but leave Rs 15,000 cr unpaid to others'

 

[Navjot Singh]

Source

 

[Sushubh]

Byju's founder says his edtech startup, once worth $22B, is now 'worth zero' | TechCrunch

Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, Byju Raveendran, founder of edtech group Byju's, said his startup, once valued at $22 billion, is now effectively worth "zero."

techcrunch.com

 

[Sushubh]

Top Court Rejects Byju’s Settlement, Paving Way for Insolvency - Bloomberg