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EDTECH BANKRUPTCY
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 ...
- 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,...
- Byju Raveendran plans to challenge US court order with new evidenceEdtech firm Byju’s founder Byju Raveendran is preparing to appeal a US bankruptcy court order that directed him to pay more than $1 billion...
- 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 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 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 ...
- Edtech firms turn to hybrid models to ace business sustainability test2025 is expected to be a crucial year for the edtech sector. Companies are focusing on sustainable practices and delivering tangible result...
- 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 vs BCCI: SC stays NCLAT order that set aside insolvency case against edtechEarlier, US-based Glas Trust, which represents some lenders of a Byju's group company, had filed an appeal before the Supreme Court challen...
- 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...
- NCLT directs Byju’s to maintain status quo, halts $200 million rights issueThe National Company Law Tribunal (NCLT) has directed edtech major Byju's to maintain status quo in its shareholding, pausing its controver...
- NCLAT dismisses appeal by investors against Byju’sThe National Company Law Appellate Tribunal has rejected an appeal filed by a group of investors of Byju’s seeking intervention in the case...
- 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 lender group says US court ordered freezing $533 millionThe court, according to the lender statement, also found that founders Byju Raveendran and Divya Gokulnath are working in concert with Byju...
- Ronnie Screwvala meets edtech founders to discuss impact of Byju's controversyThe founders aimed to change the narrative around edtech, shifting it away from being seen as a 'predatory space' to highlighting its posit...
- Post Byju’s, investors worried about governance at startups: GSV Ventures' Deborah QuazzoGSV Ventures has backed Indian edtech unicorns including Eruditus, Lead, PhysicsWallah as well as startups like Classplus. Deborah Quazzo a...
- 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...
- Cash-strapped edtech startup Lido Learning files for bankruptcyLido Learning’s board passed a resolution in an extraordinary meeting held on September 5 to file an application under Section 10 of the In...
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