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Byju's founder secures private debt to meet employee salaries amid financial strains, NLCT dispute, says report

With this, the edtech unicorn has now disbursed partial salaries for both February and March to employees after previous delays. ....

Byju Raveendran , Karnataka High Court , National Company Law Tribunal , Teleperformance Business Services , Locked Funds Amid Investor , General Atlantic , Business Services , Employee Salaries ,

Byju's: NCLT adjourns hearing in Byju's rights issue case to June 6

A group of Byjus investors led by Dutch investor Prosus is seeking to block a $200 million rights issue and the removal of founder Byju Raveendran as CEO of the edtech firm. ....

Byju Raveendran , Offering College , National Company Law Tribunal , Indian School Of Business , Technology Leadership , Tech Prowess , High Value Skill , Data Science For , Byju S , Rights Issue ,

Investors vs Byju's: NCLT defers hearing to June 6 amid claims of violation

The dissenting investors accused Byju s of violating NCLT order on the rights issue, an accsuation denied by the edtech firm ....

Chan Zuckerberg Initiative , National Company Law Tribunal , General Atlantic , Byju S , Byju S ,

NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering

“The applicant (SS Infra) has proved before us that the outstanding operational debt is more than rupees one crore, which is due to the applicant by the respondent and that the respondent (Sadbhav Engineering) has defaulted in payment,” said the division bench of judicial member Shammi Khan and technical member Sameer Kakar, in its order of April 22. ....

Bank Of India , Sadbhav Engineering , Insolvency Resolution , Rss Infra , Ahmedabad Bench , Sanjay Kumar Agarwal , Gujarat Based , Adani Road Transport Ltd , Adani Enterprises Ltd , Yes Bank , Punjab National Bank , Axis Bank , Karur Vysya Bank , Idbi Bank , Union Bank Of India , Icici Bank ,

NCLT admits Indiabulls' personal insolvency plea against Zee's Subhash Chandra

As a result of Chandra being admitted to moratorium, no litigation can be initiated against him. Chandra also cannot alienate or sell any of his assets and the Resolution Professional will now process the claims of those who intend to recover money from him. ....

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