Byju's App Delisted from Google Playstore Amidst Insolvency Woes
Byju's learning app has been removed from Google Playstore due to non-payment to Amazon Web Services, although other apps from Think and Learn remain functional. The company is now under insolvency management. The app still operates on Apple's App Store while the National Company Law Appellate Tribunal reviews insolvency proceedings.
- Country:
- India
Byju's, a leading edtech firm, has faced a major setback as its learning app was removed from Google Playstore due to overdue payments to its vendor, Amazon Web Services. However, other apps from the same brand continue to be available on the platform.
The company's financial troubles have led to the appointment of an Insolvency Resolution Professional to handle its payment issues. The move comes as Byju's faces mounting pressure from investors and the lender-authorized agency Glas Trust, which prompted insolvency proceedings by the National Company Law Appellate Tribunal.
Despite the turmoil, Byju's apps remain operational on Apple's App Store. Meanwhile, premium versions of the learning app and the exam preparation app still feature on Google Playstore, offering a semblance of stability amidst ongoing challenges.
ALSO READ
-
Venugopal Dhoot moves SC against order upholding separate insolvency for VIL and VOVL
-
Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources
-
Adani Ports to acquire Jaypee Fertilizers for Rs 1,500 crore through insolvency
-
IBBI issues new guidelines to speed up appointment of insolvency professionals
-
NCLAT allows Lyka Labs appeal; asks Modi Lifecare to pay Rs 63 lakh or face insolvency proceedings
Google News