India tribunal orders halt on Byju's insolvency proceedings

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NEW DELHI : India's appeals tribunal on Friday ordered a halt on insolvency proceedings against embattled education startup Byju's, days after the startup settled a $19 million payments dispute case with the country's cricket board.

FILE PHOTO: Byju's logo is seen in this illustration taken, June 22, 2023.

The order allowed the parties to settle the case and comes as a temporary relief for the startup, which once was India's biggest, but in recent times has been plagued by boardroom exits, tussle with investors and a collapsing valuation.

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Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Startup Seen File Mediacorp Case Experience India Photo: Illustration Logo

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 18:47:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 145 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21898307

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