Last year, the cricket body initiated legal action against Byju’s by taking the matter to the National Company Law Tribunal under insolvency and bankruptcy regulations. The dispute revolves around unpaid dues amounting to Rs 158 crore.
NBFCs are not giving loans to Byju’s customers because of audit delays, reveals top executive in a wide-ranging conversation with Moneycontrol on fundraising, valuation, revenue recognition, acquisitions and more
A merger of WhiteHat Jr with self would thus help the company in reducing its overall burn, which will be critical considering its impending cash needs