BYJU'S News
US-Ruled Bankruptcy of Byju’s Units Countered By Indian Official
A US court ruled that it will grant creditors’ request to put several units tied to struggling Indian education technology company Byju’s into bankruptcy, according to court papers filed on Thursday.
1 min read13 Sep 2024Byju’s auditor BDO quits citing concerns over forensic audit, CEO Raveendran views exit as ’suspicious’
BDO, the auditor firm for the ed-tech startup Byju’s, resigned in the middle of a worsening situation at the company, reported Moneycontrol quoting an email on Saturday, September 9. ;
3 min read7 Sep 2024Byju’s facing $101 million tax claims from authorities amid insolvency proceedings, says report
Byju’s, once India’s leading edtech firm, faces a $101 million claim from tax authorities amid insolvency proceedings. The claim document described the outstanding amounts as statutory dues without elaborating.
1 min read7 Sep 2024Supreme Court declines Byju’s plea to block formation of creditors’ committee
Though the Supreme Court denied interim relief sought by Byju’s and BCCI, it has agreed to hear the case in detail on 22 August
4 min read20 Aug 2024Byju’s US Judge Rejects Effort to Stop Payment to India Cricket
A US judge refused to block a debt payment designed to free Byju’s from an insolvency case in India, telling American lenders to take their complaints about the transaction to a court in the home country of the educational tech firm.
2 min read8 Aug 2024Byju’s “not cooperating” but gets a day’s reprieve in bankruptcy appeals court
The appeals court hearing a plea against the insolvency process initiated against Byju’s has deferred the formation of a Committee of Creditors until it passes its orders on 2 August.The resolution professional informed the court that the company and its founder Byju Raveendran were not cooperating.
4 min read1 Aug 2024Byju’s Ex-Director Fined $10,000 a Day Over Missing $533 Million
A suspended director of the troubled Indian educational tech firm Byju’s must pay $10,000 a day until he helps locate $533 million that his company is accused of hiding from US lenders, a judge said Wednesday.
1 min read1 Aug 2024Riju Raveendran has raised ₹158 crore to repay BCCI, Byju’s tells appeals tribunal
Byju’s counsel told the appeals forum that the company paid the cricket board ₹50 crore on 30 July, and would pay the second and third tranches on 2 August and 9 August.
4 min read31 Jul 2024Byju’s set to settle dues with BCCI; pays ₹500 million as first instalment
Cash-strapped ed-tech company Byju’s is reportedly in talks to settle its dispute over outstanding dues with the Board of Control for Cricket in India. The company has transferred ₹500 million to the cricket board, as per reports.
1 min read30 Jul 2024Byju’s employees rush to file claims for their dues as deadline nears amid insolvency hearing
Byju’s, which was admitted to insolvency earlier this month, has delayed salaries, final settlements, variable pay, and other dues for current staffers and more than 10,000 employees it has let go in the past two years.
5 min read29 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared