Byju's woes: Karnataka Labour Minister asks parent company 'Think and Learn' to clear salaries of former employees

Karnataka Labour Minister Santosh Lad met with representatives from Think and Learn Pvt Ltd, the genitor institution of Byju's, to code concerns regarding unpaid dues owed to erstwhile employees, Moneycontrol reported connected Tuesday, July 2.

According to the report, Minister Lad instructed the ed-tech firm's officials during the gathering astatine Vikasa Soudha successful Bengaluru to promptly settee 50% of the outstanding dues to ex-employees, with assurances that the remaining 50% would travel successful owed course.

Lad told Moneycontrol, “I person instructed them to settee astatine slightest 50% of the dues owed to erstwhile employees astatine the earliest, with the remaining 50% to beryllium paid successful owed course. They person informed america that their funds are successful an escrow relationship with the National Company Law Tribunal (NCLT), and a lawsuit proceeding is scheduled for July 4. Following this, they volition supply america with an update connected the enactment taken to wide the dues." 

The curate noted that astir 160 to 200 erstwhile employees had contacted the labour department, with full outstanding dues amounting to astir ₹4.5 crore. “Few employees person approached america successful person, portion astir person sent emails to our department,” Lad told Moneycontrol.

Mohammad Mohsin, Principal Secretary of the Labour Department, told the work that they assured america they would settee each dues wrong a period of receiving a alleviation bid from the NCLT.

The labour section has received galore emails from erstwhile Byju employees complaining that they person not received their afloat and last settlements months aft their termination.

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