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Anonymous

Stealth • 5m

The National Company Law Tribunal (NCLT) has instructed Byju's to pay salaries regardless of the edtech company's access to the funds raised through its rights issue and warned of an audit if employees are not paid. "You are a company that is functioning. Surely you should be having revenues," the Bengaluru bench of NCLT said on July 4 while hearing a plea by employees seeking payment of salaries. The tribunal warned of an audit by the Institute of Chartered Accountants of India (ICAI) if the company failed to pay the staff. The tribunal directed Byju's to file a response to the employees’ application and listed the plea for hearing in the coming week. While Byju's paid April and May salaries, it has yet to make full payments for February and March. The company has blamed the delay on not having access to the funds it raised through the rights issue in February.

0 replies5 likes

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Anonymous

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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 f

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India's largest IT services company, Tata Consultancy Services (TCS), will likely increase the salaries for its offsite employees by an average of 7-8 percent and for its onsite employees 2-4 percent in 2024-25.

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📌 Hyderabad IT Firm’s Ceo Kidnapped by 8 Employees for Delaying Salaries, Arrested by Police 🤕😨 Four days after the abduction of Ravichandra Reddy, the CEO of Hyderabad-based Gigleaz Pvt Ltd, by some of his employees and consultants over unpaid s

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Mr Z

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One interesting fact- employees are paid salary firstly in the starting of the month , and owners will get money which is leftover after paying salaries to employees and after paying all the taxes, interests etc. And still after that owners are rich

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BYJU'S Salary Slash: Exploiting Employees or Smart Business? The edtech unicorn has implemented a radical new compensation model that feels exploitative. Fresh sales recruits earn just ₹10,000/month fixed pay - not enough for rent. BDAs and inside s

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Free SEO Audit Daily Giveaway Winner : Tecentr Audit Score :- 75/100 Audit : https://docs.google.com/document/d/1elno1dUaQBbUUigSwz_ZXAVmwy738hED76Y2lHxRW5o/edit?usp=sharing One of the best website i analysed, Just need a bit of strategy for co

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Anonymous

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An india government investigation found out lapses in byju's corporate governance, but cleared byju's of any financial fraud! Will this come as a relief to this company, which was once valued at $22Bn!!!!

4 replies8 likes

Aryan patil
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Monkey Ads • 8m

Do you want Byju's to cease it's operations next academic year & sell the company to settle its debts.

yes

Votes: 32

8 replies8 likes

Yash Barnwal

Stealth • 2m

From EdTech giant to bankruptcy proceedings – the rise and fall of BYJU'S. Once valued at $22 billion, the company now faces insolvency after a series of acquisitions, debt defaults, and investigations.