Read Byju Raveendran's 'salary commitment' to employees in email

Think and Learn founder and CEO Byju Raveendran in an email to employees said that every legal roadblock has lengthened the company's long trek to recovery but the company is on the verge of reversing the negative business cycle that began two years ago.

"I want to address the matter of utmost concern to you - and to me as well. Your salary for July 2024 has not been credited yet. Our company recently faced a serious challenge that pushed us into insolvency due to a dispute with the BCCI. We settled the case and were on the brink of regaining control of our finances after the NCLAT ruled in our favour.

"The apex court has issued a temporary stay on the NCLAT's decision, which means the control of the company's accounts has not yet been restored to us," Raveendran said.