Charges by Raveendran who broke his silence follow post by EY India whistleblower. Amid insolvency proceedings, Byju’s founder said he ‘sold his house, mortgaged family’s future’.
Apart from India-China, international media also looks at how venture capitalism can go wrong, using the example of Byju's. An article explores factors that led to its downfall.
Industry leaders are questioning the relevance of unions in a sector where job mobility is high. Employees are leaving organisations frequently and there are many job opportunities.
Bangalore Business Literature Festival was attended by authors such as Tanuj Bhojwani, Shalini Kapoor, Sriram Devatha, Ravi Wazir, who talked about India’s start-up growth story.
The resignation comes after the startup failed to provide requested documents due to a suspended board amid insolvency proceedings and an asset freeze.
The Supreme Court on Wednesday revived insolvency proceedings following a lawsuit by a trust representing U.S. lenders who say they are owed $1 billion by the company.
Creditors must adhere to the prescribed timelines to recover their dues. Failure to do so could result in losing any potential payouts from the resolution plan or the liquidation process.
Indisputable that firm availed BCCI’s services through sponsorship rights, says NCLT, dismissing opposition to insolvency on grounds that deal involved transfer of some rights only.
NCLT has admitted BCCI’s insolvency plea against Byju’s over Rs 158 cr of allegedly unpaid dues from sponsorship deal. ThePrint explains what it means for ed-tech firm.
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