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Byju's
Byju’s US units wrongly stripped of education app, judge rules
Lenders have been fighting Byju’s in state and federal courts in the US for more than a year. Byju’s is facing an insolvency proceeding in India, where a court-appointed professional has been tasked with raising money to repay creditors.
13 November 2024, 10:24 IST
Byju’s US units wrongly stripped of education app, judge rules
13 November 2024, 10:24 IST
Byju’s US units head for bankruptcy sale under court trustee
The company defaulted on $1.2 billion owed to US lenders and stymied efforts to recover $533 million in cash that went missing last year.
19 October 2024, 10:21 IST
Byju’s US units head for bankruptcy sale under court trustee
19 October 2024, 10:21 IST
Ready to pay back lenders' money before taking any single rupee out: Byju Raveendran
During a two-and-a-half-hour call with the media, Raveendran said that lenders will not get any money if the process of insolvency against the company continues.
17 October 2024, 17:22 IST
Ready to pay back lenders' money before taking any single rupee out: Byju Raveendran
17 October 2024, 17:22 IST
Congress cites Supreme Court observation to accuse Byju's of 'preferential treatment' to BCCI in settling dues
The Supreme Court on Thursday reserved its verdict on a US firm's plea against a National Company Law Appellate Tribunal (NCLAT) order stopping insolvency proceedings against Byju's.
26 September 2024, 10:53 IST
Congress cites Supreme Court observation to accuse Byju's of 'preferential treatment' to BCCI in settling dues
26 September 2024, 10:53 IST
Aakash lets go of 200 employees, most of whom joined from Byju’s: Sources
As per sources, employees in managerial positions have either been offered salary cuts of up to 50% of their salaries, or told to leave immediately due to service closures.
23 September 2024, 02:39 IST
Aakash lets go of 200 employees, most of whom joined from Byju’s: Sources
23 September 2024, 02:39 IST
Byju’s bankruptcy ruling in US catches Indian official off guard
Byju’s, once valued at $22 billion and symbolised India’s technology ambitions, is embroiled in more than half a dozen bankruptcy cases in India and abroad.
14 September 2024, 10:14 IST
Byju’s bankruptcy ruling in US catches Indian official off guard
14 September 2024, 10:14 IST
SC to hear plea related to insolvency proceedings against Byju's on Sept 17
A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by a battery of lawyers that the plea be heard urgently keeping in mind the subsequent developments in the case.
11 September 2024, 07:12 IST
SC to hear plea related to insolvency proceedings against Byju's on Sept 17
11 September 2024, 07:12 IST
Byju's auditor suggested backdating reports; resignation more of optics: Byju Raveendran
Byju's CEO Byju Raveendran told PTI that the auditors are the first to know about insolvency proceedings but they did not inform about it to the court-appointed insolvency resolution professional (IRP).
07 September 2024, 13:49 IST
Byju's auditor suggested backdating reports; resignation more of optics: Byju Raveendran
07 September 2024, 13:49 IST
SC agrees to list plea related to insolvency proceedings against ed-tech firm Byju's
In a major setback to Byju's, the top court had on August 14 stayed the verdict of NCLAT, setting aside the insolvency proceedings against the ed-tech major and approving its Rs 158.9 crore dues settlement with the Indian cricket board.
06 September 2024, 06:50 IST
SC agrees to list plea related to insolvency proceedings against ed-tech firm Byju's
06 September 2024, 06:50 IST
Byju's IRP removes Glas Trust from Committee of Creditors; lenders cry foul
The lenders have, however, alleged that the move is unlawful and BYJU's insolvency resolution professional (IRP) has been secretly plotting against the $1.35-billion claim of US lenders against the beleaguered edtech firm.
03 September 2024, 18:31 IST
Byju's IRP removes Glas Trust from Committee of Creditors; lenders cry foul
03 September 2024, 18:31 IST
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