News Muncher - searching for byju

2 weeks, 6 days ago

Byju’s Bankruptcy: US Judge weighs sanctions for two executives over alleged asset draining tactics

Byju's Bankruptcy: Two Byju's executives are under legal scrutiny in the United States for allegedly draining assets from the edtech company's businesses which are under court supervision, according to a Bloomberg report. Justify Actions Or Face Contempt of Court, Says Judge Hearing the matter on December 2, US Bankruptcy Judge John T Dorsey notified the two accused that he would …

India Court Epic Company Bankruptcy Byju Raveendran

1 month ago

Byju Raveendran accused of trying to regain firm with hidden cash: Report

Hindustan Times

Byju Raveendran, the founder of the struggling edu-tech company Byju’s, allegedly tried to use loan money he hid from US lenders to secretly buy back a software company that an American trustee took over. According to a Bloomberg report based on new court filings, this was an attempt by Byju Raveendran to regain control of his collapsing startup, which is …

Byju Raveendran Byju Raveendran Hailer Loan Money

1 month, 1 week ago

BCCI seeks withdrawal of insolvency proceedings against Byju’s

Live Mint

The Board of Control for Cricket in India on Tuesday sought an urgent hearing for its plea to withdraw an insolvency case against edtech firm 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, such as those by US-based Glas Trust and Aditya …

Court Insolvency Settlement Nclt Bcci Nclat Insolvency Proceedings

2 months, 4 weeks ago

SC reserves verdict on plea against NCLAT order stopping insolvency proceedings against Byju's

New Indian Express

NEW DELHI: The Supreme Court on Thursday reserved its verdict on a plea of a US firm against the NCLAT order stopping insolvency proceedings against ed-tech firm Byju's. While hearing the matter on Wednesday, the top court had questioned the verdict of insolvency appellate tribunal NCLAT, setting aside the insolvency proceedings against Byju's and approving its Rs 158.9 crore dues …

Insolvency Insolvency Proceedings Byju Nclat Order

3 months, 1 week ago

Byju’s US bankruptcy ruling catches Indian official off guard

Hindustan Times

A US court ruling that placed into bankruptcy units associated with Indian education technology company Byju’s took an official in the firm’s home country by surprise. Judge Brendan Shannon also granted lenders’ request to appoint an independent Chapter 11 trustee to manage the Byju units in bankruptcy. US lenders to Byju’s were removed from an influential creditors committee in India …

India Indian Bankruptcy Units Byju Indian Official Srivastava

4 months ago

'Struggling to pay bills': Byju's insolvency case fans fears of employees

Hindustan Times

Dozens of Byju's employees and parents of students are showing a growing sense of desperation as people plan to take the offensive against the troubled edtech company whose board currently stands suspended with assets frozen, Reuters reported. After three months without pay, many of Byju's 27,000 employees are considering street protests or lawsuits. "I guarantee this: When we regain control, …

Employees Company Reuters Byju Unpaid Salaries Insolvency Case

4 months ago

'Not On The Run': Byju's CEO Promises Turnaround Amid Challenges

News 18

Byju Raveendran, founder and CEO of troubled education provider Byju’s, has reached out to employees and promised a speedy resolution to the delay in their July salaries, even as legal challenges remain ongoing. “I understand the importance of this and want to make the situation clear,” Raveendran wrote, pointing out that the company’s financial controls remain frozen due to a …

Raveendran

4 months, 1 week ago

20 officers from Kerala get president's service medals

New Indian Express

THIRUVANANTHAPURAM: A total of 20 officers in uniform from the state have been awarded service medals on the occasion of Independence Day. Crime Branch head ADGP H Venkatesh was awarded the President’s Medal for Distinguished Service, while nine officers won the Medal for Meritorious Service. The MSM winners are Najeeb S, SP and assistant director of Technical and Motor Transport …

Rescue Officers Kumar Msm Station Officer 20 Officer

4 months, 1 week ago

Supreme Court Stays NCLAT Order Allowing BCCI-BYJU's Settlement Worth Rs 158 Crore

ABP News

Supreme Court on Wednesday stayed the National Company Law Appellate Tribunal order that allowed Board of Control for Cricket in India to settle its dues with Byju on latter paying Rs 158 crore. On August 2, the NCLAT Chennai Bench allowed settlement between BCCI and Byju which involves the repayment of Rs 158 crores to the BCCI. Folllowing this order …

Supreme Court Order Nclt Bcci Nclat Byju Worth Rs

4 months, 1 week ago

Supreme Court pauses appeals tribunal's order on Byju's-BCCI settlement

India Today

The Supreme Court on Wednesday put a hold on the National Company Law Appellate Tribunal's decision to approve the Rs 158.9 crore settlement between edtech giant Byju's and the Board of Control for Cricket in India. Solicitor General Tushar Mehta, representing the BCCI, expressed concerns that the stay would impact the BCCI's settlement with Byju's. Despite this, the court directed …

Supreme Court Bcci Nclat

4 months, 2 weeks ago

Planning to invest in PSU stocks amid stock market crash? What you must know

Hindustan Times

PSU stocks were hit hard by the stock market crash as shares of RVNL, IRFC, Mazagon Dock and NBCC fell up to 8 per cent today. Indian Railway Finance Corporation Ltd and IRCON International Ltd were down 7 percent each, RailTel Corporation plunged nearly 7 per cent and Mazagon Dock Shipbuilders fell over 6.5 per cent. Defence PSU stocks including …

India Stocks Stock Cent Fell Psu Rvnl

4 months, 3 weeks ago

NCLAT tells Byju Raveendran to file details of source of funds for settling dues to BCCI

The Hindu

National Company Law Appellate Tribunal Chennai on Wednesday told Byju Raveendran to file details of the source of funds through which he is proposing to settle the dues to Board of Control for Cricket in India. Byju Raveendran, the suspended director, shareholder and promoter of the edtech company had moved an appeal against NCLAT, after the National Company Law Tribunal, …

Bcci Nclat Bcc Byju Raveendran

4 months, 3 weeks ago

Byju’s, BCCI in settlement talks to avoid insolvency proceedings

New Indian Express

BENGALURU: Edtech firm Byju’s and the Board of Control for Cricket in India are in ‘discussions’ to settle their dispute. Meanwhile, the Karnataka High Court disposed of the petition filed by Byju Raveendran seeking the insolvency proceedings to be suspended. On July 16, the NCLT, Bengaluru bench, admitted an insolvency plea filed by the BCCI against Byju’s over a Rs …

Bcci Insolvency Proceedings Insolvency Order

4 months, 3 weeks ago

Karnataka High Court Disposes Byju Raveendran's Plea After NCLAT Begins Hearing His Appeal Challenging Insolvency Proceedings

Live Law

The Karnataka High Court on Tuesday disposed of the petition filed by Byju Raveendran seeking to suspend the National Company Law Tribunal order, which admitted his parent company Think and Learn Private Limited, into the insolvency resolution process. A single judge bench of Justice S R Krishna Kumar disposed of the matter after it was informed that a special bench …

Company Kar Coc Byju Raveendran Insolvency Resolution

4 months, 3 weeks ago

Justice Sharad Kumar Sharma Recuses Himself From Byju Raveendran's Insolvency Appeal Due To Conflict Of Interest

Live Law

Justice Sharad Kumar Sharma, a Judicial Member of the National Company Law Appellate Tribunal Chennai, has recused himself from hearing Byju Raveendran's appeal against the insolvency proceedings initiated against Think & Learn Private Limited, which operates Byju's. The insolvency proceedings were initiated against Think & Learn Private Limited by the National Company Law Tribunal in Bengaluru. Justice Sharma stated that …

Justice Insolvency Nclt Bcci Sharma Nclat Bcc

5 months, 3 weeks ago

Karnataka HC sets aside NCLT order on rights issue, sends the matter back to tribunal

New Indian Express

BENGALURU: The Karnataka High Court on Tuesday set aside the National Company Law Tribunal order that had restrained Byju’s from launching a second rights issue. The high court also declined the request of the investors’ counsel to suspend the present order by the high court which sets NCLT’S order. Earlier, four investors including Peak XV Partners and General Atlantic Singapore …

Order Tribunal Nclt Rights Issue

7 months, 2 weeks ago

Byju Raveendran to sales staff amid crisis: ‘Your job is not to sell, but to…’

Hindustan Times

Byju's cut prices for its courses by up to 30 percent and rolled out flexible working policies for sales staff amid crisis, Moneycontrol reported citing people in the know. The edtech company's founder and CEO Byju Raveendran held a meeting with almost 1,500 sales associates and urged them to be more empathetic while selling courses rather than adopting the earlier …

Sales Byju Byju Raveendran

8 months, 1 week ago

Byju Raveendran to Take Over Firm's Daily Operations After CEO's Resignation

News 18

Founder of the edtech company Think and Learn, which owns the Byju’s brand, Byju Raveendran will handle the firm’s day-to-day operations following the resignation of CEO Arjun Mohan, the company said on Monday. Following the move, the company has announced a major rejig of the business that will consolidate its business into three focused divisions -The Learning App, Online classes …

Company Byju Raveendran Byju Raveendran

8 months, 1 week ago

Byju's announces rejig of business; founder Raveendran to take over firm's daily operations

The Hindu

Byju Raveendran, the founder of the edtech company Think and Learn, which owns the Byju's brand, will handle the firm's day-to-day operations following the resignation of CEO Arjun Mohan, the company said on April 15. The company has also announced a major rejig of the business that will consolidate its business into three focused divisions - the learning App, online …

Company Byju Raveendran Byju Raveendran

8 months, 1 week ago

Byju Raveendran says 'start of leaner company' as edtech’s CEO Arjun Mohan quits

Hindustan Times

Byju's CEO Arjun Mohan resigned from his position following which founder Byju Raveendran will take over daily operational responsibilities, the company said in a statement. Byju's CEO Arjun Mohan resigned seven months after he took over the role. The company said in a statement, “The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU'S …

Company Mohan Byju Byju Raveendran Ceo Arjun

8 months, 2 weeks ago

Byju’s breached loan terms, small stake sale blocked, arbitration order shows

The Hindu

Ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company already battling allegations of mismanagement. In the latest dispute, MEMG Family Office, led by billionaire doctor Ranjan Pai, in March initiated arbitration proceedings against …

Order Byju Breached Terms Memg Terms Small

8 months, 2 weeks ago

Byju Raveendran's net worth is now zero from 17,545 crore in 2023: What happened?

Hindustan Times

Edtech company Byju's founder Byju Raveendran saw his wealth vanish, as per the latest Forbes Billionaire Index. Previously listed with a net worth of ₹17,545 crore, Byju Raveendran's worth in the 2024 Index shows him at zero amid challenges faced by Byju's which once had a peak valuation of $22 billion. Forbes noted, “Only four people from last year's list …

Company Billion Byju Edtech Raveendran Byju Raveendran Its Valuation

8 months, 3 weeks ago

From once being on Forbes’ Billionaire list, Byju Raveendran’s net worth plummets to zero

Op India

A year ago, Byju Raveendran’s net worth stood at ₹17,545 crore, earning him a place in numerous prestigious ‘world’s richest’ compilations. However, the recently unveiled Forbes Billionaire Index 2024 reports a significant drop to zero in Mr Raveendran’s net worth. In acknowledging Byju’s removal from the list, Forbes stated, “Only four individuals from last year’s roster are absent this time, …

Forbes Byju Raveendran Byju Raveendran Billion Valuation

8 months, 3 weeks ago

Byju's layoffs: Company starts job cuts via calls, lets go staff without notice period

Hindustan Times

Byju's layoffs: Edtech company Byju's initiated layoffs on phone calls and is letting go employees without putting them on a performance improvement plan, Moneycontrol reported citing people in the know. Byju's layoffs: The company is also not asking employees to serve a notice period, the report claimed. Byju's layoffs so far In the past two years, Byju's has sacked at …

Employees Company Byju Layoffs Job Cuts Phone Calls Notice Period

Filters

Search results for byju

Byju’s Bankruptcy: US Judge weighs sanctions for two executives over alleged asset draining tactics

Byju Raveendran accused of trying to regain firm with hidden cash: Report

BCCI seeks withdrawal of insolvency proceedings against Byju’s

SC reserves verdict on plea against NCLAT order stopping insolvency proceedings against Byju's

Byju’s US bankruptcy ruling catches Indian official off guard

'Struggling to pay bills': Byju's insolvency case fans fears of employees

'Not On The Run': Byju's CEO Promises Turnaround Amid Challenges

20 officers from Kerala get president's service medals

Supreme Court Stays NCLAT Order Allowing BCCI-BYJU's Settlement Worth Rs 158 Crore

Supreme Court pauses appeals tribunal's order on Byju's-BCCI settlement

Planning to invest in PSU stocks amid stock market crash? What you must know

NCLAT tells Byju Raveendran to file details of source of funds for settling dues to BCCI

Byju’s, BCCI in settlement talks to avoid insolvency proceedings

Karnataka High Court Disposes Byju Raveendran's Plea After NCLAT Begins Hearing His Appeal Challenging Insolvency Proceedings

Justice Sharad Kumar Sharma Recuses Himself From Byju Raveendran's Insolvency Appeal Due To Conflict Of Interest

Karnataka HC sets aside NCLT order on rights issue, sends the matter back to tribunal

Byju Raveendran to sales staff amid crisis: ‘Your job is not to sell, but to…’

Byju Raveendran to Take Over Firm's Daily Operations After CEO's Resignation

Byju's announces rejig of business; founder Raveendran to take over firm's daily operations

Byju Raveendran says 'start of leaner company' as edtech’s CEO Arjun Mohan quits

Byju’s breached loan terms, small stake sale blocked, arbitration order shows

Byju Raveendran's net worth is now zero from 17,545 crore in 2023: What happened?

From once being on Forbes’ Billionaire list, Byju Raveendran’s net worth plummets to zero

Byju's layoffs: Company starts job cuts via calls, lets go staff without notice period