Over insolvency concerns, Byju Raveendran promises July Salaries will be paid for employees

In response to growing concerns about the company’s insolvency, Byju Raveendran, the Founder of the cash-strapped edtech company BYJU’S, informed employees in an email that their July salaries would be paid once he regains control of the business. In recent months, the struggling business has repeatedly delayed paying employees their wages. The business claims to have paid all of its employees their salaries for April and May, but it has not yet settled all of its payments for February and March. After the NCLAT approved a 158 million settlement between the edtech company and the BCCI on August 2, BYJU’s avoided a potential “death.”