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NCLT asks Byju’s to pay pending salaries or face audit | The Morning Context

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NCLT asks Byju’s to pay pending salaries or face audit

The cash-strapped edtech firm has said its payment troubles are due to its funds from a recent rights issue being locked away.

4 July, 2024•2 min

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4 July, 2024•2 min

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NCLT asks Byju’s to pay pending salaries or face audit

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BRIEF
/
Internet

NCLT asks Byju’s to pay pending salaries or face audit

The cash-strapped edtech firm has said its payment troubles are due to its funds from a recent rights issue being locked away.

4 July, 2024•2 min

0

4 July, 2024•2 min

0

Getting your Trinity Audio player ready...

NCLT asks Byju’s to pay pending salaries or face audit

More in Internet

Story image

Bistro is (not really) Eternal’s answer to Toing or Ownly

Story image

Bistro is (not really) Eternal’s answer to Toing or Ownly

Bistro may look like a response to Swiggy and Rapido’s 10-minute food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.

Story image

Uber’s $14.8 billion bet set to reshape UAE delivery arena

Uber’s $14.8 billion bet set to reshape UAE delivery arena

Story image

Comeback to collapse: how FreshMenu came undone

Comeback to collapse: how FreshMenu came undone

Story image

Exclusive: Behind Udaan's refinancing lies a silent investor takeover

Exclusive: Behind Udaan's refinancing lies a silent investor takeover

Story image

Early-stage deals take a dive in the Mideast, amid Iran war

Harveen Ahluwalia

Early-stage deals take a dive in the Mideast, amid Iran war

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Swiggy Instamart has a people and strategy problem

Swiggy Instamart has a people and strategy problem

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Physics Wallah’s entry into the perilous education business should set alarm bells ringing

Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.

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Gaurav Munjal to finally exit Unacademy

In the making for many months now, the final outcome at the edtech startup is an instructive episode for both founders and venture investors on when they must let go.

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Byju Raveendran accused of negotiating secret payments with Indian officials while claiming bankruptcy

Amid creditors’ allegations that the missing $533 million from a term loan is being quietly used to settle cases in India, Delaware bankruptcy court grants them unrestricted use of confidential documents to pursue the matter.

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