NCLT issues notice to Byju's on insolvency plea filed by US lenders
The NCLT directed Byju's to file a response to the plea and listed the case for hearing in April 2024.
Source: moneycontrol.com
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Byju's can go ahead with rights issue as NCLT passes no immediate interim order
The tribunal has directed the parties to file written submissions of their contentions in three day and has also issued notice to Ministry of Corporate Affairs (MCA) and Registrar of Companies (ROC).
Source: moneycontrol.com
Insolvency plea No. 4 against Byju's ahead of high-voltage EGM this Friday
Earlier today, Byju's founder and CEO Byju Raveendran said in a shareholder letter that the company's rights issue to raise $200 million at a valuation cut of 99 percent has been fully subscribed.
Source: businesstoday.in
US-based Glas Trust Company registers insolvency case against Byju's at NCLT
This is the fourth insolvency plea filed against the ed tech company in less than six months. Though the plea was filed on January 22 it was registered on the file of NCLT on February 21.
Source: moneycontrol.com
American finance company approaches NCLT to initiate insolvency proceedings against Byju's | Indiablooms
Bengaluru: Glas Trust Company LLC, a United States-based non-bank loan agency, filed a plea for insolvency against the troubled-ed tech firm Byju's at the National Company Law Tribunal (NCLT) in Bengaluru, a media report said.
Source: indiablooms.com