The whistleblower also highlighted that how a legitimate settlement was deliberately derailed to keep Byju’s in insolvency. The whistleblower said that EY deliberately delayed BYJU's CIRP process ...

The comment was made during a hearing at the NCLAT Chennai bench, regarding the NCLT Bengaluru bench blocking the withdrawal ...

This dispute, centred on a Rs 158-crore sponsorship deal settlement, arises from the NCLT's directive to the Committee of Creditors (CoC) to decide on the application, despite the agreement being ...

As per the lenders' statement, the court confirmed that several fund transfers from Byjus Alpha were fraudulent and constituted theft. It also ruled that Riju Ravindran breached his fiduciary duties ...

Friday’s judgment came as a win for the creditors vying to collect on a defaulted $1.2 billion loan sanctioned by them to Alpha. Byju’s fraudulently transferred at least part of the money to a ...

The dispute traces back to 2023 when the BCCI filed a petition against BYJU’S for non-payment of dues amounting to ₹158 crore ...

Due to Byju’s financial difficulties, employee salaries have been delayed. To solve these issues the company has set up other credit lines. Prosus and General Atlantic are among the investors who have ...

Byju’s stopped making interest payments and accused creditors, including Redwood Capital Management, of fabricating a crisis. The legal battles, including two US bankruptcy cases, resulted in ...

The hearing took place after Byju’s director Riju Raveendran filed an appeal against the decision of the Bengaluru bench of ...

The lenders had alleged that a few months after signing the credit agreement, the US unit of BYJU’S under Riju Ravindran and affiliates missed certain loan covenants during March-April 2022.

The order also noted that the members of BYJU’S committee of creditors (CoC), in their first meeting on February 11, passed a resolution to replace the outgoing IRP Srivastava with Ajmera.