{"id":829536,"date":"2024-07-05T09:04:47","date_gmt":"2024-07-05T03:34:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=829536"},"modified":"2024-07-05T09:08:19","modified_gmt":"2024-07-05T03:38:19","slug":"pay-salaries-or-face-an-audit-nclt-warns-crisis-hit-edtech-firm-byjus","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/05\/pay-salaries-or-face-an-audit-nclt-warns-crisis-hit-edtech-firm-byjus\/","title":{"rendered":"&#8216;Pay salaries or face an audit&#8217;: NCLT warns crisis-hit edtech firm Byju&#8217;s"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Thursday directed the crisis-hit edtech firm Byju\u2019s to pay its employees\u2019 salaries, even if it doesn\u2019t have access to the funds raised through its rights issue. <\/p>\n<p>\u201cYou are a company that is functioning. Surely, you should be having revenues,\u201d the Bengaluru bench of NCLT told Byju\u2019s, warning that its failure will result in an audit by the Institute of Chartered Accountants of India (ICAI).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Thursday directed the crisis-hit edtech firm Byju\u2019s to pay its employees\u2019 salaries, even if it doesn\u2019t have access to the funds raised through its rights issue. \u201cYou are a company that is functioning. Surely, you should be having revenues,\u201d the Bengaluru bench of NCLT told Byju\u2019s, warning that its failure will result in an audit by the Institute of Chartered Accountants of India (ICAI).<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-829536","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=829536"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829536\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=829536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=829536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=829536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}