Byju’s rights issue: NCLT members divided on interim order, refers case to president

[ad_1] The Bengaluru bench of the National Company Law Tribunal (NCLT) has referred the case of embattled edtech Byju’s rights issue to the president of the tribunal owing to a difference of opinion between the members of the Bengaluru bench....

Byju’s unable to pay salaries as funds locked amid rift with investors

[ad_1] Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors.In a...

Salaries delayed for Byju’s 20,000 employees, CEO blames investors

[ad_1] New Delhi: Edtech major Byju’s is yet to process the salaries of its employees for the month of February as the amount raised through the rights issue is currently locked in a separate account “at the behest” of some...