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BYJUS ALPHA CREDITORS
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...- SC stays Kerala HC order directing Byju’s RP, EY India chairman, Glas Trust to appearThe Supreme Court has halted contempt proceedings against Byju's resolution professional and EY India chairman. These proceedings were rela...
- Kerala HC directs Byju’s RP, EY India chairman, Glas Trust to appear on FridayThe order was passed on a petition filed by Voizzit Technology, which has claimed rights over Byju’s parent Think & Learn’s foreign assets,...
- US court filing alleges $533 million was roundtripped for personal use, Byju’s deniesUK-based OCI Limited claims Byju's founder Byju Raveendran "roundtripped" $533 million loaned to a US SPV for personal use. OCI's founder s...
- 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 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...
- Byju’s US assets Epic and Tynker sold for a songComputer science education company CodeHS has acquired Tynker for $2.2 million in cash, a significant drop from the $200 million that Byju’...
- US lenders’ consortium files lawsuit against Byju’s founder, othersMembers of a lending consortium have sued Byju Raveendran, his wife Divya Gokulnath, and Anita Kishore, alleging they misappropriated $533 ...
- 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...
- US court finds Byju Raveendran, Think & Learn, company directors guilty of fraudAs per the lenders' statement, the court confirmed that several fund transfers from Byju’s Alpha were fraudulent and constituted theft. It ...
- The downfall of India’s hot startup is wiping out US debtholdersByju's, India’s most valuable startup, faced a corporate collapse after borrowing $1.2 billion in the US. Legal issues arose when $533 mill...
- Byju’s affiliate drained cash from US units in violation of bankruptcy rules: lawsuitA lawsuit in Delaware claims that Byju Raveendran's company illegally transferred nearly $700,000 from US affiliates amid bankruptcy procee...
- 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...
- Byju’s US term-loan lenders get no seat in creditors’ committeeInsolvency resolution professional Pankaj Srivastava took this decision after concluding that Glas Trust does not represent the minimum 51%...
- Byju’s lenders petition to put subsidiaries in bankruptcy in the USCreditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc. and ...
- Byju’s lenders win fight over loan default, control of unitLenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in...
- Byju’s creditors onboard Kroll to ‘safeguard’ assets including Great LearningThe appointment was made on behalf of the secured creditors of Byju’s Alpha, as part of the lenders’ exercise of their security rights foll...
- Byju’s hid $533 million in hedge fund once run from a Miami pancake shop, lenders allegeIndian ed-tech company Byju's has been accused of hiding $533 million in a hedge fund founded by William C. Morton, who allegedly had no fo...
- 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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