Glas Trust, a U.S.-based creditor of Bengaluru-based edtech company, on Tuesday, told the Supreme Court that it had been falsely removed from the Committee of Creditors.
U.S. court in Delaware, on Tuesday, ordered involuntary Chapter 11 bankruptcy proceedings against BYJU's units: Neuron Fuel Inc., Epic! Creations Inc., and Tangible Play Inc.
Bengaluru-based BlueLearn, a social learning platform, has ceased operations after just over three years of launch, citing challenges in achieving rapid growth.
Qatar Investment Authority (QIA) which invested in India's former edtech unicorn Byju's in 2019 is now taking legal action against the company amid insolvency.
Unacademy is undergoing a significant restructuring. The edtech giant's chief operating officer (COO) for offline centers, Jagnoor Singh has also left.
