NCLT tells Byju’s to pay salary dues to employees or face audit

The National Company Law Tribunal (NCLT) has directed the embattled edtech major Byju’s to pay salaries irrespective of having access to the funds raised through its rights issue and warned of an audit if employees were not paid.

The tribunal also warned Byju’s of an audit by the Institute of Chartered Accountants of India if it fails to pay its staff.

“You are a company that is functioning. Surely, you should be having revenues,” the Bengaluru Bench of NCLT told Byju’s.