NCLT Bengaluru issues notice to Byju's on insolvency plea by international lender
A US-based lending company submitted today that Byju's had defaulted in payment of over ₹8,000 crore.
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A US-based lending company submitted today that Byju's had defaulted in payment of over ₹8,000 crore.
A coram of judicial member Justice (Retd) T Krishnavalli and technical member Manoj Kumar Dubey issued notice on the plea and listed the matter for hearing on March 4.
Teleperformance Business Services claimed that the debt owed by Byju's was ₹4.82 crore along with ₹21 lakh in interest.
The NCLT, Bengaluru has issued notice on a plea by digital marketing vendor Surfer Technologies seeking the initiation of insolvency proceedings against Think & Learn Pvt Ltd, parent company of edu-tech startup, Byju's
The NCLT Ahmedabad recently clarified that contributions due from a company to the Employees State Insurance Corporation (ESIC) do not fall under the category of “workers dues” under the IBC.