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M S Vidyanandan
1 min read
After two months, Saini received a call purportedly from Byju’s Bangalore office, directing him to download an application “Rust Desk” from the Play Store and share his bank details to process the ref ...
A view of the Supreme Court of India premises in New Delhi.
PTI
2 min read
In its April 17 order, the NCLAT said the approval of the Committee of Creditors (CoC) was necessary for the application filed by the BCCI to withdraw the insolvency proceedings against Byju's.
Aakash Educational Services, current parent organisation of Byju's had just concluded a Rs 100-crore rights issue.
ENS Economic Bureau
2 min read
Resolution Professional of TLPL had unsuccessfully opposed the rights issue before the NCLT, NCLAT and the Supreme Court.
Byju Raveendran, Founder of edtech company Byju's.
TNIE online desk
3 min read
While Raveendran and Byju’s deny any wrongdoing and insist the funds ultimately supported the Indian parent’s operations, the ruling adds fresh strain to an already severe financial and operational cr ...
Karnataka High Court
ENS Economic Bureau
2 min read
The QIA, through its subsidiary Qatar Holding LLC, alleged that the funds were used to acquire 1,78,91,289 shares of Aakash Education Services Ltd., and there was an express restriction against transf ...
Byju Raveendran
Express News Service
2 min read
Once valued at $22 billion, the edtech firm has been facing many financial and legal challenges including lawsuits filed by term loan lenders.
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The New Indian Express
www.newindianexpress.com