According to reports, former State Bank of India chief Rajnish Kumar and Manipal Global Education chairman Mohandas Pai will not be renewing their contracts to be a part of the board advisory council at Byju's adding to the mounting troubles at the cash-strapped edtech firm.

The contracts for Pai and Kumar expire on June 30, according to reports. Following the departure of investors Peak XV Partners, Prosus, and Chan Zuckerberg Initiative from the edtech firm's board year, they became members of the advisory council.

Along with Pai and Kumar, the corporation stated that the advisory council's term should not be extended beyond the previously agreed-upon one year.

Kumar and Pai says, “Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice. We wish the founders and the company the very best for the future.”

Since the majority of the disputes are being heard by various courts and tribunals, there hasn't been much to talk about lately. When the council was established, it had a one-year term. As things stand at the company, the council will virtually dissolve at this point.

The most recent departure occurred shortly after Arjun Mohan, the chief executive of Byju's India division, departed the company last month after a little over six months in the position. Since Mohan's departure, founder Raveendran has assumed control of the company's day-to-day activities.

“Rajnish Kumar and Mohandas Pai have provided invaluable support in the past year. The ongoing litigations by a few foreign investors have delayed our plans but their advice will be relied upon in the ongoing rebuild which I am personally leading,” says founder Raveendran.