The National Company Law Tribunal (NCLT) admitted embattled ed-tech company Byju's parent company 'Think and Learn Pvt Limited' to insolvency resolution process in a plea filed by the Board of Control for Cricket in India (BCCI).
Few questions regarding the postal ballot were asked and resolutions were called out while no objections were raised in the 30-minute meeting.
The trouble keeps mounting for the Edtech platform Byju as a consortium of key shareholders, holding over 30 per cent…
Edtech major Byju’s shareholders have approved the company’s audited financials for the fiscal year 2022 at its high-voltage Annual General Meeting (AGM).
Edtech major Byju’s has paid November salaries of some of its employees after a “technical glitch” hampered the payment of some 1,000 workers.
Edtech major Byju's on Tuesday announced new leadership in its finance function with the appointment of industry veteran Pradip Kanakia as the senior advisor and Nitin Golani
Earlier in July, Byju’s constituted an advisory council with investor Mohandas Pai and former State Bank of India chairman Rajnish Kumar to address corporate governance issues.
The company has remitted "some of its funding" abroad, as it faced search and seizure operations by the Enforcement Directorate (ED).
According to the ED, searches revealed that the company has received foreign direct investment to the tune of Rs 28,000 crore
