New York: Edtech giant BYJU’S has suffered yet another major setback. The Delaware Chancery Court in the United States has ordered the company to pay more than $1.07 billion (approximately ₹9,600 crore) after finding serious financial irregularities involving its U.S. financing arm, BYJU’S Alpha. The court concluded that BYJU’S concealed the withdrawal of funds from Read More…
Amid ongoing financial troubles at edtech giant BYJU’S, CEO Byju Raveendran’s response to an employee regarding unpaid salaries has stirred controversy. When questioned about the pending payments, Raveendran reportedly replied, “Not immediately,” leaving many employees frustrated and uncertain about their dues. BYJU’S has been grappling with severe financial challenges, including legal disputes, funding shortages, and Read More…
The Supreme Court is poised to deliver its verdict tomorrow on a significant plea contesting the settlement between Byju’s, the prominent edtech company, and the Board of Control for Cricket in India (BCCI). This case has garnered considerable attention due to its potential impact on a key sponsorship agreement. The court’s ruling is anticipated to Read More…
In a critical blow to Indian edtech giant Byju’s, the Delaware Supreme Court has ruled that the company defaulted on a $1.5 billion loan to US lenders. This decision empowers the lenders to seize Byju’s US-based assets, potentially including key subsidiaries, as the company struggles to meet its financial obligations. The ruling comes after Byju’s Read More…