Byju's, the troubled edtech company, has offered some relief to its employees by partially disbursing salaries while requesting additional time to clear the outstanding dues. The company, grappling with internal disputes, informed employees that a portion of their salaries would be credited soon, providing interim relief. 

Byju's, in a letter to its workforce, urged patience, assuring that outstanding salaries would be settled once funds from a rights issue become available. The current workforce at Byju's comprises around 20,000 employees. The ongoing conflict involves Byju's founder and CEO Byju Raveendran and certain shareholders embroiled in a disagreement over the constitution of a new board. 

The matter has escalated to the courts, which have temporarily restrained the utilization of funds raised through the rights issue. Shareholders had previously approved the removal of Byju Raveendran and his family from the board, a decision contested by Raveendran, who deemed the meeting illegal.

Byju's, acknowledging the financial constraints, informed employees that partial salary disbursements had commenced from friday night using funds remaining from the rights issue. Employees were assured that the disbursements would reflect in their accounts by march 11. The delay was attributed to the weekend. Approximately 25% of salaries were disbursed to lower-paid employees, while partial payments were made to higher-paid staff.

Byju Raveendran had earlier stated that the company would clear all outstanding salaries by march 10. However, the National Company Law Tribunal (NCLT) intervened on february 27, instructing Byju's to maintain the funds obtained through the rights issue in an escrow account until the dispute between the company management and four significant investors is resolved. 

The NCLT's directive has temporarily restricted Byju's access to the raised funds, complicating its financial situation and prompting the partial salary disbursements as an interim measure.