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Anonymous
Hey I am on Medial • 1y
As the labour department received many emails from former Byju's employees regarding full and final settlements, Karnataka Labour Minister Santosh Lad met representatives of the troubled edtech firm and urged them to settle outstanding dues owed to former employees. "I have instructed them to settle at least 50% of the dues owed to former employees at the earliest, with the remaining 50% to be paid in due course," Lad told Moneycontrol. Lad said that the company's representatives informed him that their funds are in an escrow account with the National Company Law Tribunal (NCLT), and a hearing of the case is scheduled for July 4. Following this, they will provide us with an update on the action taken to clear the dues, Lad told the publication. He said said around 160 to 200 employees had approached the labour department, with total outstanding dues amounting to around Rs 4.5 crore.
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