Byju Raveendran Borrows Funds Amid Financial Crisis, Assures Small Payment to Teachers

CosmicTaco · 2024-09-23T19:25:18.666047+05:30

- I have managed to borrow some funds and assured teachers of a small payment by the weekend. - Acknowledged long-standing salary delays and apologized for the financial strain on staff. - Despite partial payments for April and May, full payments for previous months remain pending. - Legal battles with US-based lenders complicate the financial situation further. - Urged teachers to remain resilient and promised more substantial payments once financial control is regained. Source: [Moneycontrol](https://www.moneycontrol.com/technology/i-have-managed-to-borrow-funds-byju-raveendran-assures-small-payment-to-teachers-amid-financial-crisis-article-12826866.html)

I have managed to borrow some funds and assured teachers of a small payment by the weekend.
Acknowledged long-standing salary delays and apologized for the financial strain on staff.
Despite partial payments for April and May, full payments for previous months remain pending.
Legal battles with US-based lenders complicate the financial situation further.
Urged teachers to remain resilient and promised more substantial payments once financial control is regained.

Source: Moneycontrol