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NCLT issues notices to @BYJUS parent company over non-payment of dues. #edtech @TNIEBiz @Dipak_Journo
US bankruptcy court imposes penalty on Byju’s director, says testimony ‘not truthful’ https://t.co/ElOGnmU9yd
🚨 The National Company Law Tribunal (NCLT) has issued notices to @BYJUS in three cases over the non-payment of dues to operational creditors. @MansiVjourno brings details 👇 https://t.co/U3FAyexSMg #Byjus #Startups #Edtech
Byju's, the edtech giant, is facing a crisis as its workforce has decreased from 50,000 to under 30,000, with employees experiencing unpaid dues and emotional turmoil. Legal action is being pursued through NCLT. Byju Raveendran and his brother are under scrutiny in the US for the missing $533 million loan proceeds, with fines and contempt of court rulings imposed.