Overview

• Byju’s operations are now overseen by Insolvency Resolution Professional Shailendra Ajmera, who is managing all payment-related issues.
• The delisted Learning app, which offers classes 4–12 content and JEE, NEET and IAS exam prep, remains available on Apple’s App Store.
• Byju’s Premium Learning and Exam Prep apps continue to function on Google Playstore under separate vendor agreements.
• The National Company Law Appellate Tribunal initiated insolvency proceedings against Byju’s following appeals by investors including Glas Trust.
• Investor Prosus has raised concerns about weaknesses in Byju’s governance and financial reporting structures.