Byju Raveendran Secures Debt for Employee Salaries Amidst Financial Challenges

Byju’s founder and CEO, Byju Raveendran, has reportedly taken on personal debt to cover March salaries for employees. The company previously experienced salary delays in February and March, due to funds raised through a rights issue being held in escrow as part of a dispute at the National Company Law Tribunal (NCLT). The NCLT is hearing a case brought by four investors who allege oppression and mismanagement in Byju’s $200 million rights issue.

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