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New Delhi: A US bankruptcy court has ordered Byju’s founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju’s Alpha, the company’s US-based financing arm. The default judgment, issued by Judge Brendan Shannon of the Delaware Bankruptcy Court, follows Raveendran’s repeated failure to comply…
New Delhi17 minutes ago copy link CJI said that we will send it again to the National Company Law Appellate Tribunal (NCLAT) for investigation of the matter. (Byju Ravindran, founder of ed-tech company Byju’s.) The Supreme Court has raised questions over the agreement between ed-tech company Byju’s and the Board of Control for Cricket in…
Hindi News Business CEO Byju Raveendran Said, Byju’s Faces Total Shutdown If Insolvency Proceeds New Delhi53 minutes ago copy link If bankruptcy proceedings begin against edtech company Byju’s, thousands of employees of the company will be forced to leave their jobs. Along with this, the company’s services will also be completely shut down. According to…