Byju’s Denies Receiving Any Notification from MCA Amidst Ongoing Controversies

  • Byju’s asserts it hasn’t received any communication from Ministry of Corporate Affairs (MCA) amidst rumours of a government probe into its account books.
  • The edtech company is currently encountering challenges like a loan default lawsuit, financial investigations, recent resignations of board of directors and statutory auditors.
  • Despite tumultuous events, Byju’s recently regained some relief with a Delaware court refusing to probe a $500 million transfer from the company’s US-based subsidiary Byju’s Alpha.
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