Riju Raveendran, a suspended director of embattled edtech firm Byju’s, has approached the bankruptcy appeals court to prevent its creditors from deciding on a ₹158 crore settlement with India ...
Just when things seemed to be going the way of the embattled edtech firm, a Supreme Court ruling in October last year overturning the NCLATs order to end the insolvency proceedings heralded fresh ...
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Divya Gokulnath said that Byju’s post, which urged a thorough investigation into alleged collusion and fraud by its lender ...
Byju Raveendran also called for a “thorough investigation” into alleged collusion and fraud involving the firm’s lender Glas ...
Specifically, it overturned his previous decision to exclude Aditya Birla Finance and Glas Trust from the Committee of Creditors (CoC).
Byju’s struggles with financial and governance challenges, facing investor disputes, debt repayment issues, and restructuring ...
There seems to be no end to the twists and turns in the BYJU’S saga, as the company continues to remain in purgatory ...
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The whistleblower also highlighted that how a legitimate settlement was deliberately derailed to keep Byju’s in insolvency.
This constitutes conversion under applicable law,” observed the court. Meanwhile, the creditors, in a statement, hailed the order and said, “We are gratified (that) the Court unequivocally ...
Judge John TDorsey of the US Bankruptcy Court for the District of Delaware granted a summary judgment in favour of BYJU’s ...
The story of Byju’s is a classic case of a fall from grace. Will the company claw its way back and regain its past glory?
Byju Raveendran claimed that he had gathered "conclusive evidence of criminal collusion" by the three entities.
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