Page 2 - Learn Pvt News Today

Startup says Rs 1,400 crore dues grossly overstated, outstanding net amount is around Rs 614 crore

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The Enforcement Directorate has upgraded its Look out Circular (LC) issued against Byjus founder and CEO Byju Raveendran in connection with a FEMA probe, seeking to stop him for going abroad. The earlier such alert meant that immigration authorities had to just intimate the agency about his movements through various ports. Official sources said that the over an year old LC was revised sometime back in light of investors concerns and ongoing adjudication of a FEMA contravention case against Ravee...

India News: NEW DELHI: Hardening its stand against edtech startup CEO Byju Ravindran, who had left for Dubai in Jan, ED has revised its lookout notice issued agai.

Karnataka high court on Wednesday refused to stay an emergency shareholder meeting called by select investors of Think and Learn Pvt Ltd -- the owner of Byjus -- to oust the companys Founder and CEO Byju Raveendran and his family from the leadership in the edtech firm. Byjus had approached the Karnataka HC seeking a stay on the EGM but the court only gave an interim relief that any resolution passed at the EGM on Friday cannot be implemented before the next court hearing. It is further submitted...

Karnataka high court on Wednesday refused to stay an emergency shareholder meeting called by select investors of Think and Learn Pvt Ltd -- the owner of Byjus -- to oust the companys Founder and CEO Byju Raveendran and his family from the leadership in the edtech firm. Byjus had approached the Karnataka HC seeking a stay on the EGM but the court only gave an interim relief that any resolution passed at the EGM on Friday cannot be implemented before the next court hearing. It is further submitted...

Byju's, run by billionaire CEO Byju Raveendran, was the poster child of India's startup ecosystem. But in the last year, the company's valuation has seen a sharp decline with several of the company's investors now calling for leadership change.

On Friday, Byjus said an ​​“artificially induced crisis” by a select group of investors for a delay in paying the January salaries. Raveendran also said the support from employees helped strengthen the fight against the odds.

Embattling edtech company Byju's has reportedly delayed salaries of its employees for the month of January, as the firm aims to raise funds through a rights issue.The company had earlier listed February 1 for the January salary pay-out for its ...

New Delhi, Feb 2 (IANS) Embattling edtech company Byju's has reportedly delayed salaries of its employees for the month of January, as the firm aims to raise