Fresh trouble for BYJU'S as it receives another insolvency notice
Shortpedia
Content Team
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The National Company Law Tribunal (NCLT) in Bengaluru has served a notice to edtech giant BYJU'S, following an insolvency bid filed by customer support company Teleperformance Business Services India Ltd. Teleperformance claims that BYJU'S failed to pay Rs. 4.82 crore, plus Rs. 21 lakh interest for its business process outsourcing services. BYJU'S has two weeks to file objections and the operational creditor has one week to reply, with the case scheduled for March 11.
