Byju's hits back, says BDO's lack of communication with IRP suspicious

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Byju's hits back, says BDO's lack of communication with IRP suspicious - Business Standard

Quick Summary:

The real reason for BDO’s resignation is BYJU'S firm refusal to backdate its reports, while BDO went to the extent of recommending a firm that could facilitate such an illegal activity.

In a statement, the edtech firm said, “BYJU’S has complied with every request made by BDO, except those that would require crossing ethical and legal boundaries.

Byju’s said that during the first meeting of the Committee of Creditors held on 3rd of September 2024, the IRP explicitly noted that he had repeatedly reached out to BDO for clarification during the last 45 days but had received no response.