Byjus

Byju's Under Scrutiny: New Investigation into Financial Accounting Practices

25 days ago

Byju's, the renowned Indian edtech giant, is facing renewed scrutiny as authorities launch a new investigation into its financial accounting practices. This development comes as no surprise given the company's tumultuous financial landscape and previous challenges regarding its fiscal transparency.

Byju's Founder Allegedly Instructs Ally to Evade Testimony in US Legal Battle

29 days ago

In a shocking revelation emerging from the ongoing legal troubles of Byju's, the Indian edtech giant, it has been reported that its founder, Byju Raveendran, allegedly advised a close business associate to relocate from the United States to avoid being compelled to testify in an impending court case. This dramatic turn of events has raised eyebrows regarding the ethical conduct of Raveendran as the company's financial and operational challenges intensify.

Judge Rules Byju's U.S. Units Unjustly Stripped of Educational App

1 month ago

In a significant legal decision, a judge has ruled that Byju's, the Indian ed-tech giant, unlawfully stripped its U.S. subsidiaries of an educational application that was vital to their operations. This ruling comes after a lengthy dispute between Byju's and a group of investors who claimed they were misled about the value and functionality of the app known as "EdTech," which has been central to Byju's educational offerings in the United States.

Supreme Court Blocks Byju's Settlement, Shifts Focus to Insolvency Proceedings

2 months ago

In a significant turn of events, the Indian Supreme Court has rejected a proposed settlement plan put forth by Byju's, one of the nation's largest edtech companies. This ruling is poised to catalyze a strategic shift in the company's ongoing financial troubles, potentially leading to insolvency proceedings that could reshape its business landscape.

Byju's Legal Troubles: Indian Affiliate Accused of Draining Cash from US Units

2 months ago

In a troubling turn of events, Byju's, the prominent Indian edtech company, is facing serious allegations as its affiliate has been accused of depleting financial resources from its subsidiaries in the United States. This revelation comes as part of a lawsuit filed by Byju's own lenders, who are raising concerns about mismanagement of funds among other financial irregularities.