{"id":853313,"date":"2024-09-09T09:14:07","date_gmt":"2024-09-09T03:44:07","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=853313"},"modified":"2024-09-09T09:22:40","modified_gmt":"2024-09-09T03:52:40","slug":"byjus-facing-101-million-tax-claims-from-authorities-amid-insolvency-proceedings-says-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/09\/byjus-facing-101-million-tax-claims-from-authorities-amid-insolvency-proceedings-says-report\/","title":{"rendered":"Byju\u2019s facing $101 million tax claims from authorities amid insolvency proceedings, says report"},"content":{"rendered":"<p>Indian tax authorities are seeking dues of $101 million from education-technology company Byju\u2019s, once the country&#8217;s biggest startup which is now undergoing an insolvency process, claim documents reviewed by Reuters on Friday showed.<\/p>\n<p>Backed by General Atlantic, Byju&#8217;s was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering the company&#8217;s insolvency that led to an assets freeze.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian tax authorities are seeking dues of $101 million from education-technology company Byju\u2019s, once the country&#8217;s biggest startup which is now undergoing an insolvency process, claim documents reviewed by Reuters on Friday showed. Backed by General Atlantic, Byju&#8217;s was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering the company&#8217;s insolvency that led to an assets freeze.<\/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":[55,13,4],"tags":[],"class_list":["post-853313","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/853313","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=853313"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/853313\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=853313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=853313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=853313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}