BYJU'S News
Byju’s US lender asks NCLAT to bar Aakash from amending articles of association
On Tuesday the NCLAT agreed to hear the plea, issued a notice to Aakash and Byju’s resolution professional, and deferred the hearing to 17 March.
3 min read11 Mar 2025Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement
The suspended Byju’s directors have approached the bankruptcy appeals court to avoid having the edtech firm’s creditors decide on a ₹158 crore settlement that could pull it out of insolvency.
3 min read19 Feb 2025NCLT asks BCCI to seek creditors’ nod for ₹158 crore Byju’s settlement
Financial creditors had challenged Byju’s settlement to clear sponsorship dues, arguing the funds should be allocated to them first.
3 min read10 Feb 2025Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders, cite prejudice
Byju’s suspended directors have moved the NCLAT against a ruling that reinstates lenders while leaving a key ₹158 crore BCCI settlement in limbo. The outcome could determine whether founder Raveendran regains control of the embattled edtech giant.
3 min read5 Feb 2025Indian edtech ecosystem to see further integration of traditional models: GSV Ventures
As the pandemic success fades away, Indian edtechs are expected to integrate traditional approaches with new-age methods, says GSV Ventures’ top executives
4 min read4 Feb 2025Byju’s insolvency: NCLT reinstates Glas Trust as financial creditor, ejects resolution professional
Glas Trust and Aditya Birla Finance will now be included in Byju’s committee of creditors, while founder Byju Raveendran will continue to be excluded from taking charge of his company.NCLT also directed the bankruptcy board to take action against Byju’s interim resolution professional.
5 min read29 Jan 2025NCLAT sends Aakash-Byju’s dispute back to NCLT amid minority shareholder tensions
The tribunal has asked Aakash to file its application within one week and requested the NCLT Bengaluru bench to decide on the matter within three weeks.
3 min read6 Dec 2024Supreme Court prevents Byju’s-owned Aakash from diluting minority investors
It ordered the company not to implement a resolution to amend its Articles of Association that was passed at its extraordinary general meeting, and approach the National Company Law Appellate Tribunal instead.
3 min read29 Nov 2024BCCI seeks withdrawal of insolvency proceedings against Byju’s
The BCCI’s counsel requested that the NCLT in Bengaluru prioritize the withdrawal application, arguing that if the withdrawal is granted, it would render other pleas irrelevant.
2 min read12 Nov 2024Fresh out of Byju’s clutches, Great Learning turns over a new leaf
Now under lender control, Great Learning is focusing on organic growth with an IPO possibility on the horizon
5 min read25 Oct 2024Popular Topics
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