Byju’s had previously sponsored the Indian cricket team. (Representational) New Delhi: Crisis-ridden Byju’s has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI’s petition for initiating insolvency proceedings against the once-famed edtech company, sources said. Sources privy to the development said that the company is
Byju’s had previously sponsored the Indian cricket team. Bengaluru/New Delhi: Edtech company Byju’s, which was once India’s most valuable start-up worth an estimated USD 22 billion, will face insolvency proceedings for failure to pay Rs 158.9 crore to cricket board BCCI. The Bengaluru bench of the National Company Law Tribunal (NCLT) on Tuesday allowed bankruptcy
The edtech firm is also exploring out-of-court settlements with some of its creditors. New Delhi: Refuting reports that an investigation by the Ministry of Corporate Affairs has cleared edtech firm Byju’s of financial fraud, the Centre said on Wednesday that the probe is still on. “It is categorically clarified that such reports are factually incorrect
Representational Image New Delhi: Embattled edtech firm Byju’s did not siphon off funds or manipulated accounts, a year-long investigation by the government has found. However, the company did go through lapses in its corporate governance structure, the government added. The probe by the Ministry of Corporate Affairs (MCA) concluded allegations regarding the manipulation of accounts