BYJU'S faces total shutdown if insolvency proceeds: CEO Raveendran

After BYJU'S was admitted to insolvency resolution process over BCCI's plea, CEO Byju Raveendran said the company may face total shutdown as the process will likely cause vendors to declare a default. The startup's employees "shall suffer...and may be forced to leave," he told the court. He also said he's willing to pay outstanding dues to BCCI within 90 days.