NCLT said 'it cannot be disputed' that the parent of Byju's, Think & Learn Private Limited, had availed itself of the services of BCCI and had defaulted on roughly Rs 1.59 billion.
Fighting fires on all fronts — from inability to pay salaries to mismanagement allegations, cases in NCLT & ED probe — Byju's valuation has dropped to $250 mn from $22 bn in 2022.
Edtech firm Byju’s is under ED scanner for alleged FEMA violation through remittance of Rs 9362.35 crore which the agency believes may have caused a loss to the exchequer.
Hooghly Consumer Disputes Redressal Commission also ordered firm to pay student's father Rs 5k for causing mental agony. Order issued ex-parte as Byju’s only submitted written response.
The EdTech start-up which laid off large chunk of its employees earlier this year due to legal and financial issues, has downsized to two floors from two towers in a month's time.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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