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Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut costs. This in todays ETtech Morning Dispatch. ....
Byju's creditors petition to put more units in US bankruptcy moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Yesterday, the National Company Law Tribunal (NCLT) issued notices to Think and Learn Pvt. Ltd., the parent company of Byju's, over non-payment of dues to operational creditors. ....
An Indian tech firm, Think & Learn Pvt, faces penalties for concealing $533 million from lenders. Riju Ravindran, a director, failed to locate the funds, prompting US Bankruptcy Judge Dorsey to call his testimony dishonest. Despite no extradition treaty, fines loom. The dispute centers on creditors versus Think & Learn, embroiled in US courts. ....