Byju's & Insolvency ❌
So after dodging many bullets Byju's finally goes to Insolvency Trial.
Does anyone have any news of what's happening inside the company?
Heard from a friend that Byju’s has filed for bankruptcy. Can someone from Byju’s confirm this?
So after dodging many bullets Byju's finally goes to Insolvency Trial.
Does anyone have any news of what's happening inside the company?
Just heard that Byjus is about to close $250 million funding. Can someone confirm if this is true?
NCLT has frozen Byju's bank accounts. A big blow not to Byju's, but to those waiting for salaries and payouts. This process usually takes petitions in court to resolve and isn't straightforward.
What is even happening there? As per newspaper article from today