62 ex-staffers plan to take Byju's to NCLT
Business Standard|July 06, 2024
As many as 62 former employees of Byju's have come together to serve a notice of filing an insolvency and bankruptcy case against the beleaguered edtech giant at the National Company Law Tribunal (NCLT) in Bengaluru, demanding payment of their long-overdue salaries.
PEERZADA ABRAR
62 ex-staffers plan to take Byju's to NCLT

"Canvas Legal, a Bengalurubased law firm, has issued a demand notice of more than 2.30 crore on behalf of 62 employees to Byju's," said Rajat Singh, a former Mathematics instructor at Byju's Tuition Centre in Delhi and representative of the ex-employees.

The letter, sent on July 4, 2024, and seen by Business Standard, warns: "The undersigned request you to unconditionally repay the unpaid operational debt (in default) in full within 10 days from the receipt of this letter failing which we shall initiate corporate insolvency resolution process in respect of M/S Think & Learn Pvt Ltd (Byju's parent)."

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