Finance outlook india logo
Home News Exclusive Expert's Viewpoint Corporate Startup Fintech Personal Magazine About Us Budget'26 Budget'24
  • Budget'25 Budget'24
    • Home
    • News
    Karnataka Labour Minister requests Byju Parent Company to Pay Dues of Former Workers

    Karnataka Labour Minister requests Byju's Parent Company Think and Learn to Pay Dues of Former Workers


    Finance Outlook India Team | Tuesday, 02 July 2024

    On Tuesday, July 2, Karnataka Labour Minister Santosh Lad met with representatives from Think and Learn Pvt Ltd, the parent business of Byju's, to discuss outstanding dues owing to former employees, Moneycontrol reported.

    According to the article, at the meeting at Vikasa Soudha in Bengaluru, Minister Lad asked the ed-tech firm's executives to settle 50% of the outstanding dues to ex-employees immediately, with guarantees that the balance 50% would come in due time.

    Lad tol a credible source, "I have asked them to settle at least 50% of the dues owing to former workers as soon as possible, with the other 50% to be paid in due course. They have notified us that a case hearing is set on July 4 and that their funds are in an escrow account with the National Company Law Tribunal (NCLT). They will then provide us an update on the steps taken to pay the outstanding balance."

    The minister reported that 160 to 200 former workers had been in touch with the labor department, and that the total amount of unpaid debt was around ₹4.5 crore. Lad told Moneycontrol, "The majority of employees have sent emails to our department; very few have approached us in person."

    The Labour Department's Principal Secretary, Muhammad Mohsin, informed the magazine that they promised to pay any outstanding debts within a month of the NCLT issuing a relief order. Former Byju's employees have been protesting via emails to the labor department for months, not receiving their complete and final compensation after being fired.



    Read More:

    ConvoZen Launches End-to-End Conversational AI

    India & France Revise Tax Treaty, Scrap MFN Clause, Ease Dividends

    KNOWLEDGE DECK

    Most Viewed

    • The Economic Impact of India-Pakistan War: A Detailed Analysis

    • Why Financial Literacy Matters More Than Ever for Today's Youth

    • Prominent Financial Advisors in India to Partner With

    • Rags to Riches: The Top 6 Indian Entrepreneurs' Motivational Tales of Success

    • Navigating Financial Disruption With Future Proof Financial Service Deliverability

    • India's Rs 31 Lakh Cr Green Push: Building the Foundation of a Net-Zero Future

    • Wakhariya & Wakhariya: Facilitating International Legal Processes across Diverse Domains

    • Aligning Financial Strategies with Sustainable Business Goals

    • The Top 5 Highest-paid Actors in India - 2024

    • Central Government Proposes Tax on Agricultural Water Usage

    • Carpediem Capital Invests INR 100 Crore, CorporatEdge to Deploy INR 350 Crore in the next 3 Years

    • EPFO Registers All-Time High Member Addition of 20.06 Lakh in May 2025

    • Unearthing Intricacies of Today and Beyond in the Indian Insurance Sector

    • Expected Correction in Housing Prices to Revive Sales in Coming Quarters

    • How to Choose the Right Mutual Fund for your Financial Goals?

    • Future of Corporate Finance: Emerging Trends in Treasury Solutions and Cash Management for MNCs

    • ElasticRun Announces FY24 Financial Results: Key Details

    • Financial Inclusion in Viksit Bharat

    • Abans Financial Services Advises Vaishali Pharma on Strategic Acquisition of Kesar Pharma






    🍪 Do you like Cookies?

    We use cookies to ensure you get the best experience on our website. Read more...

    Copyright © 2026 Finance Outlook India. All rights reserved.   Privacy Policy Terms of Use Blogs Conferences Subscribe WRAPUP’25