The case has been filed through Glas Trust Company, which represents over 80 per cent of lenders that were part of the TLB loan – which is granted by institutional lenders instead of banks.
The chief financial officer of BYJU's India, has expressed the company's need for funds and revealed plans to raise capital at a reduced valuation to enhance the attractiveness of the investment opportunity for potential investors
During the proceedings of NCLT, counsel appearing for the company informed that it is currently engaged in negotiations with the BCCI to settle the dispute amicably
During the AGM, Byju's investors advised Byju Raveendran that for the company's support, it's crucial to communicate internal developments transparently to shareholders
Byju's clarified that the queries in the notice are purely technical, involving the delay in filing Annual Performance Reports (APRs) for compliant Overseas Direct Investment (ODI) of around Rs 8,000 crores
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