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BYJUS COMPLAINTS
US lenders’ representative Glas Trust rejects Byju Raveendran’s allegations of fraud, collusionGlas Trust, representing US lenders of $1.2 billion to Byju's, denied allegations of collusion and fraud by founder Byju Raveendran, callin...- “I am not a flower; I am the fire”: Byju Raveendran replies Pushpa Raj style after filing FIR against resolution professional, EY partnersByju Raveendran has filed a First Information Report. The FIR names Pankaj Srivastava, Glas Trust, and some EY employees. Raveendran allege...
- Byju’s affiliate drained cash from US units in violation of bankruptcy rules: lawsuitA lawsuit in Delaware claims that Byju Raveendran's company illegally transferred nearly $700,000 from US affiliates amid bankruptcy procee...
- BCCI initiates insolvency plea against Byju's over unpaid duesThe complaint has been registered with the Bengaluru bench of the National Company Law Tribunal (NCLT). Justices K Biswal and Manoj Dubey h...
- Byju’s says fully compliant with Fema regulations amid ED probeThe APRs were with respect to duly compliant overseas direct investment (ODI) of about Rs 8,000 crore that arose from the delayed statutory...
- Byju's faces legal battle with BCCI over sponsorship terminationThe complaint has been registered to the Bengaluru bench of the National Company Law Tribunal (NCLT). To further decide on the case, judges...
- ED issues show cause notice of Rs 9,362 crore to Byju’s for forex violationEarlier in the day, ET reported that ED had found alleged forex violations to the tune of Rs 9,000 crore by edtech giant Byju’s, citing sou...
- Byju’s lenders win fight over loan default, control of unitLenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in...
- Byju’s staff to get their PF dues as company transfers Rs 123 crore to EPFOAccording to people familiar with the development, Byju’s has made a payment of Rs 123.1 crore to the EPFO for a 10-month period from Augus...
- Byju’s skips $40 million loan payment in dispute with lendersByju’s did not pay $40 million in interest that was due on Monday, according to people with knowledge of the matter. The company said in a ...
- Byju’s lenders scrap talks to recast $1.2B loan; Janus Henderson cuts PharmEasy valuation furtherByju’s woes seem to have no end. The company has suffered a series of setbacks over the last year, including ED raids and valuation markdow...
- MP consumer court asks Byju’s, SRK to return fees, pay compensationAn Indore-based woman complained that she was encouraged to take admission to Byju’s coaching (course) for IAS preparation in 2021 and had ...
- Byju's to adopt internal sales model amid allegations of mis-sellingThis model, the company said in a statement, will ensure more accurate customer identification, clearer communication and guard against mis...
- 'Loss after loss': Parents detail how Byju's pushed them into debtParents said Byju's staff took advantage of a desire to provide the best education for their children, and encroached on their privacy by a...
- NCPCR summons | Before sign-up, Byju’s will test what parents can payThe assurance comes a week after the child rights body summoned the edtech unicorn’s chief executive, Byju Raveendran, following complaints...
- Byju's buying phone numbers of kids, parents and threatening them: NCPCR chiefNCPCR Chairperson Priyank Kanoongo said that the commission has initiated action against Byju's and will send a report to Centre if needed.
- Byju Raveendran summons | Won't spare edtech if guidelines have been violated: NCPCR chiefThe NCPCR has asked Byju Raveendran to appear in person before it on December 23 to respond to the allegations that malpractices had been c...
- What's ailing edtech? Shriram Subramanian answers“Valuations seem to have trumped even the core business processes. At the end of the day, these companies should be increasingly seen from ...
- How to solve a problem called edtech? Decoding the fault in a blooming starIndia’s ed-tech industry, projected by India Brand Equity Foundation to be as big as USD4 billion by 2025, is one of the fastest growing ed...
- Government airs concerns over complaints against edtech companiesComplaints against Byju’s and group entities were highlighted during a discussion, as the edtech leader caters to a large student base, peo...
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