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?
Not in verge , they are. Ex employee like me is struggling to get form 16, the most fatherless behaviour they did was, deducting tax from my salary and not paying to tax department.
That’s not it , i have to pay tax for those salary which is non exist( account mein aya ho nahi) but uska pf aagaya.
I will blame the ceo and his wife only. They are the only mastermind who ran the company down.
@Narddawg_cornell sad. Yes i read that they did not deposited TDS.
4 saal ne kya se kya ho gaya. Need a documentary TBH
company culture, employee harassment and running on parent’s FOMO.
once a relative tried checking out the platform for his daughter, He legit got calls for next 6 months. The person on the call used to lecture him about not being serious about his daughter’s future.
Inevitably. Happening sooner than expected.
What will happen for those who they owe money? Lets say upto 1 crore. Will they pay at and then shutdown?
@PataPosterNiklaHero IBC code lists down the creditors on the basis of priority. So as per this list employee salary comes second priority after paying for liquidation expenses.
So after dodging many bullets Byju's finally goes to Insolvency Trial.
Does anyone have any news of what's happening inside the company?
With ED issuing lookout notice for the founder, is this how Byju's will go down?? Things have not been looking up for the decacorn startup since last year, but with rights issue being fully subscribed, there was hope that things might ta...
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.