Arbitrator asks Byju’s to not promote 6 per cent stake in Aakash

Edtech agency Assume and Be taught, which owns Byju’s model, has been requested by an emergency arbitrator to not promote round 6 per cent stake in its subsidiary Aakash Schooling Companies Restricted because it has did not pay again round ₹350 crore raised from billionaire physician Ranjan Pai-led MEMG Household Workplace. Additionally learn:Byju’s vs Traders: … Read more

Byju’s buyers transfer NCLT, file oppression, mismanagement lawsuit

A gaggle of 4 buyers of the embattled edtech main Byju’s on Friday moved the Bengaluru bench of the Nationwide Firm Regulation Tribunal (NCLT), submitting a petition in opposition to oppression and mismanagement by the corporate. Additionally learn: Byju’s abroad lenders file insolvency proceedings in India The buyers are looking for to declare the founders … Read more