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RIJU RAVINDRAN CHALLENGE
Byju’s founders plan $2.5 billion lawsuit against Glas Trust, others for reputational damageThe lenders will be sued in Indian and overseas courts. Meanwhile, the group of lenders has filed a case in a US bankruptcy court against R...- EY-backed RP sues Byju’s Dubai-based marketing agent for Rs 1,597 croreThink and Learn, facing insolvency, is suing Dubai-based More Ideas General Trading for Rs 1,597 crore over alleged unpaid dues. The lawsui...
- Byju’s RP’s suit claims directors owe compensation to company under IBC lawsAn EY-backed resolution professional, Shailendra Ajmera, has sued former Byju's directors. The lawsuits claim fraudulent asset transfers. T...
- BCCI, Riju Ravindran challenge NCLT order on insolvency resolutionSenior advocate CK Nandakumar, representing the cricket board, said the settlement with the edtech company was reached before the CoC was f...
- Byju’s-BCCI settlement: SC sets aside NCLAT order on Rs 158-crore disputeThe apex court also overturned the order that closed the insolvency proceedings against Byju’s parent Think & Learn Pvt Ltd, following the ...
- Byju’s used $1.2 billion term loan for legitimate business operations, asserts Byju Raveendran in court filingOn the day a judge was set to consider the lenders’ fraudulent transfer claims against his company, Byju Raveendran outlined for the first ...
- Delaware Supreme Court holds Byju's in default of $1.5 billion loanThis means the lenders can demand a full repayment from the troubled edtech firm and take control of Byju's US entity, Byju's Alpha. This i...
- Glas Trust moves SC to challenge removal from Byju's committee of creditorsSenior counsel Kapil Sibal, appearing for Glas Trust, which have claims of around Rs 11,500 crore, told a Bench led by Chief Justice DY Cha...
- Byju's insolvency case: NCLT rejects US lenders' plea to stop CoC proceedingsThe Bengaluru bench of NCLT said it cannot stop the Committee of Creditors (CoC) meetings, as the apex court has allowed its constitution. ...
- General Atlantic, Prosus ask Supreme Court to hear their concerns in Byju's insolvencyForeign investors in Byju's, such as General Atlantic and Prosus, sought the Supreme Court's attention amid the company's $1 billion disput...
- Byju's bankruptcy: SC refuses stay on Committee of Creditors meetingA bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, said it will accord the final hearing...
- 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 founders tell NCLAT they settled BCCI arrearsEmbattled edtech startup Byju's and the Board of Control for Cricket in India (BCCI) have arrived at a settlement, a lawyer said on Wednesd...
- Unable to process salaries because of investor dispute: Byju Raveendran to staffIn an internal memo, he blamed a select few investors, and added that the amount raised through the rights issue is locked in a separate ac...
- Byju Raveendran, Divya Gokulnath and Riju Ravindran to skip company's EGMByju’s in a statement said, “This EGM is procedurally invalid, contractually in contravention of our AOA (article of association) and SHA (...
- Byju's shareholders to vote on resolution to ouster CEO, family on FridayHowever, the outcome of the vote at the extraordinary general meeting (EGM) will not be applicable until March 13, when the Karnataka High ...
- Byju’s secures stay on EGM resolutions from Karnataka HCIn a statement Wednesday evening, Byju’s said the court has passed an order saying any resolutions proposed during the EGM by investors wil...
- Cash crisis induced by select investors, got 100% rights issue commitment: Byju's tells staffSuccess of rights issue will ensure sufficient operational capital to fund short-term needs from March, management says in note to employee...
- Byju’s promoters have sold shares worth $408.53 million since 2015: PrivateCircle“Byju's promoters have put the entire secondary sale proceeds back into the business to scale it up further over the years,” a spokesperson...
- Byju’s promoters sold shares worth $408 million; Wipro investors ride high on share buybackThe promoters of Byju’s sold their shares for millions of dollars since 2015, according to a research and data platform. However, a spokesp...
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