NCLT Orders Byju’s to Pay Salaries or Undertake Risk Audit
The National Company Law Tribunal (NCLT) has mandated that the troubled edtech giant Byju’s pay outstanding worker salaries regardless of its funding situation. If the tribunal’s warning was ignored, the Institute of Chartered Accountants of India (ICAI) would perform an audit. Following the NCLT’s Bengaluru bench’s consideration of a workers’ plea seeking restitution for unpaid…