More than a debt recovery tool
Does the Insolvency and Bankruptcy Code fix debt or fuel the economy, asks Debarshi Chakraborty
Does the Insolvency and Bankruptcy Code fix debt or fuel the economy, asks Debarshi Chakraborty
A US court has upheld an earlier ruling that found embattled edtech firm Byju's in default on its $1.2-billion Term Loan B.
The order came with a rider that in case of failure of timely payment of the dues on the specific dates submitted in the undertaking, the insolvency proceedings would be revived automatically.
Embattled edtech firm Byju’s did not siphon off funds or manipulated accounts, a year-long investigation by the government has found.
The National Company Law Tribunal (NCLT) on Wednesday issued notices to the parent company of Byju’s, Think and Learn Pvt Ltd, in three cases over non-payment of dues to operational creditors.
Edtech major Byju’s is reportedly seeking new funding at around $2 billion valuation, down from its top valuation of $22 billion in early 2022.
The meeting will also consider and approve the appointment of MSKA & Associates as statutory auditors of the company.
Edtech major Byju’s has rolled out a new social media policy for its employees, prohibiting them from communicating with any…
Know more about Byju Raveendran, founder of Edutech start-up Byju's that has changed the landscape of online education system in India.
Edtech major BYJU's is set to soon wind up coding platform WhiteHat Jr, which it acquired for $300 million, as part of restructuring and cut costs, reliable sources said on Thursday. The company, however, said they are "merely optimising it".
