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BYJUS DISPUTE
Byju Raveendran says settlement near after Singapore court contempt orderByju's founder Byju Raveendran announced a settlement in principle with lenders like GLAS Trust and Qatar Investment Authority, following a...- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- Byju’s crisis timeline: From edtech giant to fighting legal battlesByju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding sho...
- “I am not a flower; I am the fire”: Byju Raveendran replies Pushpa Raj style after filing FIR against resolution professional, EY partnersByju Raveendran has filed a First Information Report. The FIR names Pankaj Srivastava, Glas Trust, and some EY employees. Raveendran allege...
- NCLAT adjourns Byju’s case hearing to Oct 1On August 14, the Supreme Court revived the insolvency case against Byju's, overturning National Company Law Appellate Tribunal (NCLAT) dec...
- ETtech Explainer: What's next for Byju's after SC stays settlement deal with BCCIByju's founder Byju Raveendran is dealing with several legal disputes, including a Rs 158 crore payment issue with the Indian cricket board...
- Byju’s ex-director Riju Ravindran fined $10,000 a day over missing $533 millionAfter imposing the sanctions on Riju Ravindran, US Bankruptcy Judge Brendan Shannon also rejected a request to put the US debt fight on hol...
- NCLT admits BCCI's plea seeking insolvency proceedings against Byju'sThe NCLT said Byju's has a debt and a default in payment: all the ingredients for admitting the edtech into insolvency. BCCI had moved the ...
- Byju's seeks arbitration in dispute with investors; NCLT adjourns hearing to April 23During Thursday's proceedings, the NCLT noted that it would be a “blatant violation” of its interim order dated February 27 if Byju’s has i...
- Byju’s US lenders invoke parent company's guarantee in insolvency proceedingsNCLT gives Byju’s three weeks to respond to US lenders’ petition; seeks response to BCCI plea as well
- NCLT issues notice to Byju’s in insolvency case filed by a BPO service providerTeleperformance alleges that Byju has defaulted on payment of Rs 4.82 crore, excluding Rs 21 lakh interest to the company in lieu of busine...
- ETtech Explainer: Why Byju’s pushed for arbitration in BCCI disputeTroubled edtech firm Byju’s told the National Company Law Tribunal on Wednesday that it had referred its dispute with the Board of Control ...
- Byju’s wants BCCI dispute in arbitration; NCLT defers matter to February 7Byju's has referred its dispute with the Board of Control for Cricket in India (BCCI) to an arbitrator and is trying to settle the matter. ...
- Byju's interest cost on term loan may jump by $50-60 million a year under new termsEdtech firm Byju's may have to pay an additional $50-60 million annually in interest on its $1.2 billion term-loan facility as part of new ...
- Byju’s lenders accused of using bogus loan-default claimsThe distressed-debt lenders are “playing hardball” to create leverage in negotiations to restructure the loan and causing problems for Byju...
- Troubled Byju’s misses target to amend $1.2 billion loan termsBeleaguered ed-tech firm Byju’s missed yet another target date set by its creditors to amend terms of a $1.2 billion debt, adding fresh cha...
- Byju’s misses $40 million loan payment, sues term loan lender RedwoodIn its suit, edtech major Byju’s sought to “disqualify” lender Redwood, which allegedly has taken on “predatory tactics”, and consistently ...
- Byju’s skips $40 million loan payment in dispute with lendersByju’s did not pay $40 million in interest that was due on Monday, according to people with knowledge of the matter. The company said in a ...
- Byju’s Alpha accused of hiding $500 million from lendersLenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million as part of a fight between creditors and the se...
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