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New Delhi1 minute ago copy link The Board of Control for Cricket in India (BCCI) has filed a petition in the National Company Law Tribunal (NCLT) Bengaluru to withdraw the bankruptcy case against edtech firm Byju’s and has also sought an urgent hearing on the matter. In October, the Supreme Court had overturned the decision…
New Delhi1 minute ago copy link The Supreme Court has overturned the decision of the National Company Law Appellate Tribunal (NCLAT) which had approved a Rs 158 crore agreement between ed-tech firm Byju’s and the Board of Control for Cricket in India (BCCI). On Wednesday (October 23, 2024), the court has also ordered to deposit…
New Delhi17 minutes ago copy link CJI said that we will send it again to the National Company Law Appellate Tribunal (NCLAT) for investigation of the matter. (Byju Ravindran, founder of ed-tech company Byju’s.) The Supreme Court has raised questions over the agreement between ed-tech company Byju’s and the Board of Control for Cricket in…
New Delhi: Byju’s, the Indian education technology giant has announced that its auditor, BDO Global has resigned. The decision came after the company failed to provide the necessary documents following the start of insolvency proceedings, Byju’s said on Saturday. This marks another challenge for the startup as it navigates ongoing financial difficulties. The Edtech firm…
Mumbai36 minutes ago copy link After Deloitte, now the auditor company BDO Global of edtech company Byju’s has resigned. BDO (MSKA & Associates) was appointed as the auditor of Byju’s and Aakash Educational Services for 5 years after Deloitte resigned in June 2023. Deloitte had resigned as Byju’s auditor citing irregularities. According to a Moneycontrol…
New Delhi: In a big relief to Byju’s, the National Company Law Appellate Tribunal (NCLAT) on Friday set aside the insolvency proceedings against the embattled edtech firm after approving its settlement with the Board of Control for Cricket in India (BCCI) in connection with the repayment of dues amounting to over Rs 158 crore. The…
New Delhi5 minutes ago copy link Byju Ravindran, founder of Byju’s. Edtech company Byju’s will no longer face bankruptcy proceedings. The National Company Law Appellate Tribunal (NCLAT) on Friday approved the agreement between Byju Ravindran and the Board of Control for Cricket in India (BCCI). The agreement between the two parties was reached on July…
New Delhi: Riju Ravindran, the brother of Byju’s founder has been ordered by a judge to pay 10,000 dollars (over 8 lakhs rupees) a day until he assists in locating 533 million dollars that the company is accused of hiding from US lenders. The directive comes amid a nearly two-year-old dispute over the missing funds,…
New Delhi4 minutes ago copy link The National Company Law Appellate Tribunal (NCLAT) will hear tomorrow i.e. July 31 (Wednesday) on whether bankruptcy proceedings will be initiated against edtech startup Byju’s. The case is related to the sponsorship contract between BYJU’S and BCCI for the Indian cricket team’s jersey. BCCI had filed a petition last…
Hindi News Business CEO Byju Raveendran Said, Byju’s Faces Total Shutdown If Insolvency Proceeds New Delhi53 minutes ago copy link If bankruptcy proceedings begin against edtech company Byju’s, thousands of employees of the company will be forced to leave their jobs. Along with this, the company’s services will also be completely shut down. According to…