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BYJU RAVEENDRAN REMOVAL
Byju's founders' threat of defamation case an attempt to distract from facts: Glas TrustGlas Trust alleges Byju's founders are attempting to deflect attention from legal setbacks with a defamation suit threat. This follows cour...- Byju Raveendran denies making secret payments to government officials to resolve FEMA casesByju Raveendran, founder of Byju's, refuted allegations in a Delaware court by Glas Trust's counsel, who accused him of negotiating unoffic...
- 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...
- US bankruptcy court says Byju’s founder failed to comply with orderThe court has further directed Raveendran to comply with the discovery orders. “Raveendran shall remit to the clerk of court the sum of $10...
- Byju's legal battles: US court ruling, new RP and whistleblower claimsThe US Bankruptcy Court found Byju’s suspended director, Riju Ravindran, founder Byju Raveendran, hedge fund Camshaft Capital Fund, and par...
- Byju Raveendran seeks probe into alleged EY-Glas Trust collusionAccording to Raveendran, he and several employees of the bankrupt edtech firm received a document with conclusive evidence of criminal coll...
- Byju Raveendran seeks probe into alleged EY-Glas Trust collusionByju Raveendran, CEO of Byju's, has called for an investigation into claims of collusion and fraud by Glas Trust, EY, and former resolution...
- 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 ...
- Byju Raveendran files caveat before Supreme Court against creditor Glas Trust CompanyByju Raveendran submitted a caveat to the Supreme Court after an NCLAT decision restored the edtech firm’s board, despite Glas Trust’s oppo...
- Byju Raveendran moves Karnataka HC for stay on insolvency order; NCLAT hearing on MondayRaveendran has filed a writ petition in the Karnataka High Court for suspending the National Company Law Tribunal (NCLT) order until the NC...
- Byju’s arranges for alternative credit, begins March salary payoutsET had reported on April 1 that Bengaluru-based Byju's delayed salaries for workers again as amid a severe cash crunch.
- Byju's offers warring investors to participate in funding, secures 50% votes on rights issueByju Raveendran, founder and CEO of Byju's, said in a letter to shareholders that despite the “animosity shown by some of the investors in ...
- NCLT refuses to stay Byju’s EGM over $200 million rights issueThe stay was sought by investors of Byju’s parent Think & Learn, led by Prosus, to block the rights issue.
- Karnataka HC extends interim stay on Byju's EGM till March 28Byju's parent entity Think and Learn had approached the Karnataka High Court for a stay on the decision of the EGM, which was spearheaded b...
- Byju's investors file SC caveats on rights issueThe four investors - Prosus, Sofina SA, Peak XV Partners Investments, and General Atlantic Singapore TL Pte Ltd - have filed separate cavea...
- 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...
- Investors move NCLT against Byju’s; file oppression, mismanagement lawsuitA group of four investors of Byju's – led by Prosus – has sought the present management to be declared as unfit to run the company and appo...
- Byju’s EGM: Sharp noises, ‘phishing’ attack delay cloud investor-led meeting to oust CEO RaveendranThe EGM has been called by a group of investors who are seeking to remove founder Byju Raveendran, his wife and brother from the board. The...
- 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...
- Rights issue of $200 million fully subscribed, will restructure board: Byju RaveendranCEO Byju Raveendran said he is taking steps to ensure transparency on the usage of the funds. He also reiterated in his note that a few ves...
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