What was the Supreme Court verdict on BYJU's?

The Supreme Court has ruled on several BYJU's matters, generally upholding insolvency proceedings and rejecting pleas from founder Byju Raveendran, including dismissing his appeal against an NCLAT order requiring Committee of Creditors (CoC) approval for settlement and allowing Aakash's rights issue to proceed, while separately, a U.S. court issued a default judgment against Raveendran personally for over $1 billion in a loan dispute.

What actually happened to Byju's?

On 1 February 2024, Byju's U.S. division filed for Chapter 11 bankruptcy in Delaware. Byju's would raise around $200 million in an effort to clear "immediate liabilities" and for other operational costs at a post-money valuation of $225 million.

Is Byju's recovering?

there was nearly ₹100 crores of cash flow coming in from India alone. In this clip, Arjun Mohan breaks down the business reality behind the headlines that Byju's had already begun recovering on a pure business point of view, even when the narrative outside was filled with chaos.

What happened to Byju's in 2025?

September 2025: Mumbai Police's Economic Offences Wing registered an FIR against the founder and others in an alleged Rs 46.90 crore student-loan fraud case. November 2025: The Manipal Group submits a bid to take over Think & Learn Pvt. Ltd., the parent company of bankrupt edtech firm Byju's.

Does Byju's refund money?

All the refunds shall be processed at the discretion of Byju's. You hereby duly acknowledge, confirm and agree that the decision of Byju's, for any refunds processed under this Policy, shall be FINAL and BINDING on you.

Supreme Court Verdict on Shiv Sena Simplified | Supreme Court Judgement on Maharashtra Crisis | UPSC

Who is taking over Byju's?

In a decisive move that could reshape India's education sector, the Manipal Group, led by Dr. Ranjan Pai, has submitted a second Expression of Interest (EoI) to acquire edtech unicorn Byju's, which is currently undergoing insolvency proceedings.

Will Byjus return?

Byju Raveendran, the founder of edtech giant Byju's, has vowed to return and get over the struggles that he is currently facing. Raveendran has seen a lot as once Byju's was valued at $22 billion in 2022 now is struggling to survive.

Why did Akash leave Byju's?

Once BYJU'S became entangled in insolvency proceedings, the commercial relationship with Aakash grew fraught. Creditors represented by GLAS Trust and the resolution professional for BYJU'S moved to prevent Aakash from taking steps they said would undermine the ability of lenders to recover value.

How much did Byju's pay Shahrukh Khan?

In 2017, the Bengaluru-based start-up had signed up the Bollywood actor as its brand ambassador for an annual fee of nearly Rs 4 crore, and he has been the ed-tech platform's most visible face ever since.

Which is India's biggest EdTech company?

BYJU'S. This company undoubtedly tops the list as it is the trailblazer of Indian Tech. BYJU'S set the benchmark for online learning platforms in India, becoming the most valued EdTech company globally.

Who is running Byju's now?

In July 2022, Byju invested $400 million in Byju's during a venture capital financing round. Between 2013 and 2023, Byju Raveendran through his company bought a Foreign Direct Investment (FDI) of Rs 28000 Cr which is the highest FDI inflow by an indian startup.

How many employees were removed from Byju's?

BENGALURU: Amid a funding crisis and a series of legal battles, troubled edtech firm Byju's has fired 500 employees, including teachers. Currently, the company has nearly 13,000 employees.

What is the net worth of Byju Raveendran in 2025?

As of February 2025, his net worth is still zero. Byju Raveendran's portfolio was overwhelmingly concentrated in his majority stake in Think & Learn Pvt. Ltd.

Where is Divya Gokulnath now?

In March 2022, Divya Gokulnath was appointed as the Federation of Indian Chambers of Commerce & Industry's EdTech Taskforce Chair.

Who is the real owner of Byju's?

Named for its founder, Byju Raveendran, the learning app Byju's (sometimes stylized as BYJU's) was once one of the best known brands in India. The company was a pioneer in the field of educational technology, in a country with a massive appetite for education solutions.

Why isn't Byju's working?

Byju's, once valued at US$22 billion, is currently undergoing insolvency proceedings. This follows a claim from the Board of Control for Cricket in India (BCCI) to recover 158 crore rupee (US$18.57 million) owed for a sponsorship deal.

Who is rich, Ambani or SRK?

For the first time, Shah Rukh Khan has made it to the Hurun India Rich List 2025 with a net worth of ₹12,490 crore. Mukesh Ambani retains the No. 1 spot, followed by Gautam Adani at second place.

Who is India's no. 1 richest actor?

The #1 richest actor in India, and arguably the world, is Shah Rukh Khan (SRK), who entered the billionaire club in 2025 with an estimated net worth of $1.4 billion (₹12,490 crore) according to Hurun India Rich List 2025, leading all other Indian celebrities with significant wealth from his acting, production house (Red Chillies Entertainment), and cricket team ownership.
 

Is Aakash still owned by Byju's?

About $1 billion was paid for Byju's acquisition of Aakash Institute in April 2021. At Aakash Institute, Deepak Mehrotra has been appointed MD and CEO. The creator of Byju recognised his commercial skills. Currently, 40% of Aakash is owned by Ranjan Pai, the head of the Manipal company.

Why did Byju's downfall?

Abstract: Once an education IT pioneer, BYJU'S, failure convoluted startup workers, investors. Byju failed due to financial mismanagement. Bad decisions and inconsistent financing prevented the corporation from paying its obligations.

Who is the current owner of Aakash?

In Aakash, Think & Learn owns a 26 per cent stake while Byju Raveendran owns a 17 per cent stake. Manipal Education and Medical Group (MEMG), led by Ranjan Pai, owns the majority 40 per cent stake in Aakash, which it acquired in January 2024 by converting a USD 300 million debt investment into equity.

How much did Byju's pay for Aakash?

BYJU'S acquires Aakash Educational Services for $1 billion.

Will Byjus refund money?

The Tablet Learning Program Fee shall be fully refundable (as per Table A below) in case any Application is received by us for withdrawal of admission by the Customer prior to completion of fourteen (14) calendar days after the Orientation Date, (hereinafter “TLP Refund Period”), i.e. within a period of 15 calendar ...

Did Byju Raveendran deny allegations of rerouting $500 million in funds?

Byju's Alpha, a US-based unit of Indian edtech firm Byju's, used a UK logistics company to hide $533 million. A court filing claims the funds were "round-tripped" back to founder Byju Raveendran and his affiliates. The company denies allegations, stating funds were used for legitimate corporate needs.

Can Byjus make a comeback?

Byju's 3.0: Betting on AI for a Comeback

It is undergoing insolvency proceedings in India under the Insolvency and Bankruptcy Code (IBC) after defaulting on a ₹158 crore payment to the Board of Control for Cricket in India (BCCI). Yet Raveendran has announced plans to revive the company with Byju's 3.0.