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...
More in Internet
Internet
Bravado, IPO and OYO
A debt-heavy global pivot to modest motels and accounting-led profits define the company now heading to Indian public markets.
You may also like
Internet
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.
Internet
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.
Internet
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.
