Page 3 - Byju's

Byju Raveendran eyes return via AI model, says students will be compensated

BYJU'S CEO Byju Raveendran apologises for past service disruptions, pledges compensation to affected students, and outlines vision for AI-powered BYJU'S 3.0

NCLAT sets aside BCCI and Riju Raveendran's plea on Byju's settlement

The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju's and consider the settlement between the debt-ridden edtech firm and the apex cricket body. They had challenged the order passed by the Bengaluru bench of the National Company Law Tribunal, which had on February 10, 2025 directed to place their settlement offer before the new Committee of Creditors (CoC), in which US-based Glas Trust, the trustee for lenders to which Byju's owes USD 1.2 billion, is a member. A two-member Chennai bench of the NCLAT comprising Justice Rakesh Kumar Jain and Jatindranath Swain upheld the directions passed by the NCLT and said the settlement proposal was filed after the formation of CoC, hence as the provisions of section 12 A of the Insolvency & Bankruptcy Code, it requires the approval of the lender's body. Both BCCI and Riju have contended that since the application under Section .

Lenders to SPV in Delaware sue Byju Raveendran for 'stealing' $533 mn

Edtech pioneer, wife and close business associate accused of 'masterminding theft of more than half a billion dollars'

US lender trustee Glas Trust denies allegations by Byju Raveendran

Glas would take all necessary actions to hold Byju Raveendran and his associates accountable for the harm caused to lenders and thousands of T&L customers, says spokesperson

Byju Raveendran files FIR against former Byju's RPs, EY, and Glas Trust

Valued at $22 billion in 2022, Byju's has seen its fortunes almost wiped out due to a massive cash crunch, regulatory issues and disputes with investors

'Will rise again': Byju Raveendran promises comeback and company relaunch

Raveendran joined X on Friday to reveal the "truth" about the company and the events of the past two years

NCLT orders status quo on shareholding of Aakash Educational Services

This was on a plea by the resolution professional of the parent company of Byju's, Think and Learn Pvt Ltd

NCLT orders status quo on shareholding of Aakash Educational Services

This was on a plea by the resolution professional of the parent company of Byju's, Think and Learn Pvt Ltd.

Would have emerged from insolvency if IRP acted on time: Byju's tells NCLAT

"There was a settlement (with BCCI), that settlement was before the Committee of Creditors (CoC) was being constituted," said Arun Kathpalia, the senior advocate appearing for Raveendran

Aakash launches new platform Aakash Digital to strengthen online footprint

AESL aims to establish 50 studios for teachers to facilitate online learning. Currently, 27-28 studios have been established, with the remaining set to be active by the end of the month

NCLT must take RP's decision into account: Edtech firm Byju's to NCLAT

During the hearing on Monday, Riju Raveendran's attorney told the appellate tribunal that Raveendran had paid Rs 158 crore from his own funds to settle the dispute with the BCCI

Was pressured to select process advisor, alleges Byju's former IRP

Khaitan & Co, EY refute allegations

Will Byju's employees ever get their unpaid salaries? What CEO has to say

Byju CEO Byju Raveendran assures unpaid employees that salaries will be cleared 'not immediately, but eventually', as staff struggle with three months of unpaid wages and financial uncertainty

Byju Raveendran faces legal risks after US court ruling on fund fraud

Lenders may argue that as the ultimate decision-maker, Raveendran had knowledge of or actively participated in the diversion of funds, potentially justifying a 'corporate veil-piercing' claim

Judge says Byju's official broke duty to lenders by hiding $533 million

Byju's fraudulently transferred at least part of the money to a small hedge fund based in Miami to keep it out of lenders' hands, US Bankruptcy Judge John Dorsey also ruled

Byju Raveendran accuses IRP, EY India, Glas Trust of criminal collusion

Raveendran alleges he and employees received proof of criminal collusion involving EY India, GLAS Trust, and the IRP, urging authorities to investigate the evidence

NCLT Bengaluru approves appointment of new RP for debt-laden Byju's

Ajmera will replace former RP Pankaj Srivastava

Eupheus Learning narrows loss to Rs 9 cr, revenue at Rs 225 cr in FY2024

Edtech firm Eupheus Learning has posted a revenue of Rs 225 crore in the 2024 financial year driven by operational efficiency and growth following the rollout of the National Education Policy 2020, a top official of the company said. Eupheus Learning Co-founder and CEO Amit Kapoor told PTI the company expects to grow revenue by 10 per cent in the current financial year and continue to improve margins. "We introduced several operational efficiency mechanisms in the company which led to improvement in margin. Our revenue grew by about 8 per cent to Rs 225 crore. Our losses have halved from about 18 crore to Rs 9 crore," Kapoor said. The company provides services to around 10,000 schools in more than 725 cities, he said. Kapoor said that the ClassKlap, with threefold growth from FY'22 to FY'24, has become cash flow neutral and SchoolMitra accounts for almost 35 per cent of the company's revenue. Eupheus acquired ClassKlap and SchoolMitra in 2021 and 2022 respectively. These mileston

Settlement with BCCI outside lenders' scrutiny, Byju's Raveendran to NCLAT

Riju, the younger brother of founder Byju Raveendran, told the appellate tribunal that the settlement with BCCI had been finalised before the committee of creditors (CoC) was formed

Byju's fallout lingers but edtech ecosystem bets on long-term benefits

Following Byju's crash-and-burn, both industry players and investors are moving away from a valuations game to larger issues of governance and sustainable growth