Sat, Dec 07, 2024
Moreover, the status quo would continue as directed by the Supreme Court in this matter, a 14-page-long NCLAT order said.
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Mon, Aug 05, 2024
Byju Raveendran has filed a caveat before the Supreme Court against its US-based creditor Glas Trust Company LLC over the order passed by the insolvency appellate tribunal NCLAT.
Mon, Apr 15, 2024
According to the company, Mohan has quit to pursue other opportunities. He was elevated as the company's CEO just about seven months back.
Wed, Feb 21, 2024
According to the sources, the EGM notice detailing alleged financial mismanagement stated that the company management failed to explain about the show cause notice by Enforcement Directorate (ED) on alleged contraventions, failure to resolve term loan with lenders, conflict with BCCI over sponsorship and Raveendran allegedly misleading shareholders about a term loan.
Thu, Dec 21, 2023
“Think and Learn, the parent company of BYJU's, held its Annual General Meeting (AGM) today with close to 60 shareholders in attendance. All the resolutions were passed, including the accounts for FY22,” the company said in a statement.
Tue, Jul 25, 2023
Prosus, which this year slashed its valuation of Byju's to USD 5.1 billion from USD 22 billion last year, said the decision for its director to step down from Byju's board last month was mainly because he was "unable to fulfil his fiduciary duty to serve the long-term interests of the Company and its stakeholders.
Thu, Jul 06, 2023
The edtech giant reportedly delayed EPF payments for almost nine months, which means starting October 2022, which was in violation of the EPF Act 1952. As per the EPFO rules a company is mandated to deposit the provident fund money of employees for that month by the 15th day of the next month.
Mon, Jun 05, 2023
Indian education startup Byju's on Monday said it will take its educational institute Aakash Education Services public through an initial public offering (IPO) by mid-2024.
Fri, Mar 24, 2023
Meanwhile, Byju Raveendran-run BYJU`s is in advanced stages to raise $250 million at a flat valuation (at $22 billion the company last announced) as it struggles to repay a $1.2 billion term loan and turn profitable in 2023. The latest funding round is in "final stages of discussion and will be closed soon within a few weeks", according to sources.
Fri, Mar 03, 2023
WhiteHat Jr, which at its peak had more than 8,000 employees across the country, now has around 1,300-14,00 employees left at its offices in Delhi, Mumbai and Bengaluru.
Thu, Dec 22, 2022
The company said that with more than 150 million registered students, "we do not need to buy or use external databases".
Thu, Nov 17, 2022
Chartered accountants' apex body ICAI is looking into the financial disclosures made by edtech major Byju's amid concerns that there are issues related to them, according to a top official.
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