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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 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...
- US Bankruptcy court reverses order which directed Byju Raveendran to pay over $1 billionOn November 22, the court issued the default ruling after holding that Raveendran consistently ignored its orders and failed to participate...
- ETtech Explainer: Inside the alleged $533 million heist at Byju’sOliver Chapman, founder and chief executive of the UK-based OCI, claims that Byju’s Alpha diverted $533 million using his firm to another e...
- 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 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 founder accused of trying to regain firm with hidden cashByju Raveendran has been trying to regain control of his capsizing education technology empire, which is under court supervision in both In...
- 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...
- US court nixed lenders’ plea opposing settlement with BCCI, claims Byju’sThe Delaware Bankruptcy Court dismissed Glas Trust Company’s request to halt Byju's settlement deal with BCCI. Byju’s regained control afte...
- 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...
- 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 ...
- US court says Riju Ravindran’s testimony “lacks credibility”, imposes penalty: Byju’s lender groupAn Indian tech firm, Think & Learn Pvt, faces penalties for concealing $533 million from lenders. Riju Ravindran, a director, failed to loc...
- Byju's US unit files for bankruptcy in DelawareByju's Alpha unit listed its assets in the range of $500 million to $1 billion, according to a court filing, which showed estimated credito...
- 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 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...
- Byju’s yet to receive entire Rs 2,000 crore from Davidson KempnerThink and Learn, the parent entity of Byju’s, had raised Rs 2,000 crore as a three-year loan facility from Davidson Kempner in a structured...
- Delaware court spikes Byju’s TLB lenders’ plea to investigate $500 million transferDuring the hearing, the counsel representing the defendants submitted that access and control of three bank accounts that the company uses,...
- Byju’s denies allegations against US arm, says transfers fully compliant with credit agreementThe fund transfers “did not contravene any terms of the parties’ credit agreement and the agreed-upon rights and responsibilities”, Byju’s ...
- 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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