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HomeIndiaMinistry of Corporate Affairs orders inspection into Byju's account books, reports Bloomberg

Ministry of Corporate Affairs orders inspection into Byju’s account books, reports Bloomberg

Troubles have been mounting for the edtech company, with the company falling behind in payments to a national pension fund.

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India’s Ministry of Corporate Affairs has ordered an inspection into the account books of embattled edtech startup Byju’s, Bloomberg reported on Tuesday.

The ministry has sought a report in six weeks, the report said, citing people familiar with the matter.

 

(Reporting by Jyoti Narayan in Bengaluru; Editing by Dhanya Ann Thoppil)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.


Also Read: Byju’s could crash or magically survive, but rest of India’s start-ups must forge a…


 

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