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A resident of Harni Road in Vadodara was duped and blackmailed by a cyber fraud gang, who extorted over Rs 3.3 lakh from him. Read more about this cybercrime incident and how the businessman fell victim to their tactics.
Investors at Byjus have demanded the company meet certain conditions before they invest new capital amid a deepening fund crunch.
These investors have asked the company to file its audited financials for the year ended March 31, 2023, at the earliest. In addition, they want founder Byju Raveendran to loosen his day-to-day control over operations at the firm, the sources added.
Top shareholders at Byjus have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said.
The complaint has been registered to the Bengaluru bench of the National Company Law Tribunal (NCLT). To further decide on the case, judges K Biswal and Manoj Dubey have scheduled the next hearing for December 22.