Pay our ₹2.3cr dues or shut shop: Ex-staff to BYJU'S
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Over 60 former employees of edtech firm BYJU'S, have threatened to initiate insolvency and bankruptcy proceedings against the company, over unpaid salaries. Bengaluru-based law firm Canvas Legal has issued a demand notice of over ₹2.3 crore to BYJU'S on behalf of the employees. This situation adds to the growing list of issues faced by the troubled start-up, including legal action from investors to halt BYJU'S rights issue, insolvency pleas, mounting losses, and delays in filing financial statements.