Embattled Byju’s Links Sales Employees’ Salaries To Weekly Revenue Generation
The new company policy is currently applicable to sales teams, including the Inside Sales (IS) and Byju’s Exam Prep (BEP) teams, according to an internal company document.
May 02, 2024, 12:32 PM IST
Byju's Pays Partial March Salary Dues Ahead Of NCLT Hearing: Report
The global ed-tech company will have to face a hearing at the National Company Law Tribunal (NCLT) on Tuesday.
Apr 22, 2024, 16:26 PM IST
Byju’s EGM On Rights Issue Ends Sans Objections, Dissenting Investors Skip Meet
The meeting saw about 20 investor representatives in attendance, along with Think & Learn management, the parent company of Byju’s.
Mar 29, 2024, 14:48 PM IST
NCLT Refuses To Defer Byju's EGM To Raise Capital Via Rights Issue
Last month, the NCLT directed Byju's to keep funds received from the rights issue in an escrow account till the disposal of the case.
Mar 28, 2024, 15:33 PM IST
Byju's Says 262 Tuition Centres Operational, A Few To Undergo 'Strategic Restructuring'
The company is giving up office spaces as the leases expired, keeping only its Bengaluru-based headquarters.
Mar 22, 2024, 16:19 PM IST
Key Investors Move NCLT Against Byju’s Rights Issue, Firm Says Yet To Get Any Petition
The edtech company said earlier this week that the rights issue by its parent company Think & Learn Pvt. Ltd to raise $200 million at a 99 per cent valuation cut was fully subscribed.
Feb 23, 2024, 14:19 PM IST
Grounded Go First Airline Receives 90-Day Extension From NCLT For Resolution
Go First Airlines remains inactive, receiving a 90-day moratorium extension from NCLT for insolvency resolution. Failure may lead to liquidation by Feb 4, 2024.
Nov 23, 2023, 19:19 PM IST
Go First Insolvency: NCLT Seeks Report On Most Recent Developments
A two-member bench of NCLT directed the resolution professional (RP) to file an additional affidavit in the next 10 days, including the status of the maintenance of the leased Go First aircraft.
Aug 04, 2023, 19:30 PM IST
Go First Lessors' Plea For Plane Deregistration Rejected Due To Technical Glitch: DGCA
DGCA said it was not processing such requests following a moratorium on financial obligations and the transfer of assets of the crisis-hit airline in the wake of insolvency resolution proceedings.
May 31, 2023, 20:16 PM IST
Go First Insolvency: Lessors Cannot Take Possession of Aircraft, NCLAT Upholds NCLT's Orders
NCLAT directed aircraft lessors to approach NCLT for any remedy in the Go First insolvency proceedings matters.
May 22, 2023, 14:49 PM IST
SpiceJet Denies Insolvency Rumours Despite Receiving Notice From NCLT
SpiceJet has received notice from National Company Law Tribunal, however, the airline is claiming that rumours of insolvency are false, and it is focussing on recovery of its fleet.
May 11, 2023, 20:51 PM IST
Go First Crisis: NCLT Admits Airline's Plea For Insolvency Resolution, CEO Says 'Landmark Judgement'
Go First Insolvency: According to the order by NCLT, IRP has been asked to take necessary steps including execution of the arbitral awards, keep it as a going concern and run its services smoothly.
May 10, 2023, 12:48 PM IST
Go First Crisis: Lessors Now Seek To Reregister 45 Planes Of Low-Cost Airline, NCLT Hearing Today
Go First Airline had 55 aircraft in its fleet as on May 2 when it filed the petition and also announced suspension of operations.
May 10, 2023, 09:00 AM IST
'Too Hypothetical Question': Go First CEO Kaushik Khona On Rival Bids To Acquire The Airline
Go First's CEO said the airline promoters -- the Wadia group -- are interested to be in the business and the purpose of approaching the NCLT is to retain the aircraft from lessors.
May 09, 2023, 17:04 PM IST
SpiceJet Airline In Trouble, Ireland-Based Lessor Seeks Bankruptcy Proceedings
Amidst Go First bankruptcy, NCLT will hear the insolvency plea filed by Aircastle against SpiceJet on May 17, while SC will also hear Credit Suisse contempt plea against the airline.
May 09, 2023, 14:42 PM IST
Go First Airline Insolvency Update: DGCA Bars Ticket Sales, Lessors To Deregister 36 Planes
Go First Airline, on May 2, filed an application for voluntary insolvency resolution proceedings with NCLT, following a severe cash crunch.
May 09, 2023, 14:05 PM IST
Go First Pilot Blames Airline For Not Paying His Rs 1 Crore Dues, NCLT Issues Notice
Go First pilot R Dastoor submitted a plea with NCLT stating that there is more than Rs 1 crore due on the low-cost carrier for his services provided to the airline.
May 08, 2023, 22:31 PM IST
Go First Airline Fears Losing Planes To Lessors, Parking Slots To Rivals; Seeks NCLT Directions
In its petition filed before NCLT, Go First airline has sought directions to restrain aircraft lessors from taking any recovery action against the cash strapped air carrier.
May 04, 2023, 11:23 AM IST
HDFC-HDFC Bank merger: NCLT approves shareholders' meet
The deal has got in-principle approval from the stock exchanges, Reserve Bank of India (RBI), Sebi, Pension Fund Regulatory and Development Authority (PFRDA) and Competition Commission of India (CCI).
Oct 15, 2022, 13:41 PM IST
Supertech insolvency matter: NCLAT stays formation of committee of creditors till April 19
Supertech Ltd's counsel had requested for adjourning the matter for a week to enable it to approach the bank for negotiations.
Apr 13, 2022, 12:21 PM IST
