Proceedings initiated against BYJU’S under companies law ‘still ongoing’: Centre

The Ministry of Corporate Affairs on Wednesday said proceedings initiated against edtech player BYJU’S under the companies law are “still ongoing” and a final conclusion cannot be drawn in the matter at this stage.

Last year, the ministry ordered the inspection of the books of BYJU’S in the wake of various developments at the edtech company, including its inability to finalise the statements and the resignation of an auditor.