Inc423d
BYJU’S Insolvency Saga, Ather Revs Up For IPO & More
BYJU'S' suspended RP has alleged that Khaitan & Co strong-armed him into appointing EY India as advisor for the edtech's CIRP ...
Judge Says Byju’s Official Broke Duty to Lenders by Hiding Cash
A top official of Indian tech firm Byju’s violated his fiduciary duty to lenders by wrongly hiding $533 million from them, ...
Hosted on MSN11mon
Byju's Raveendran proposes share offer olive branch to warring investors
Furthermore, Byju's has reportedly secured over half the votes needed to augment its authorized share capital, a crucial step towards realizing the rights issue. However, the estrangement between ...
Business Insider9d
A once-hot startup got a $1.5 billion loan. More than $500 million went to a high school dropout's 'sham' hedge fund, judge rules.
Call it the case of the vanishing half a billion dollars. During the pandemic-era startup funding boom, the education technology company Byju's raised money from some of the biggest names in ...
The Financial Express12d
Byju’s vs EY: Whistleblower claims, allegations of collusion, and a billion-dollar insolvency battle—Explained
The insolvency battle surrounding Byju’s has taken a new turn with allegations against global consulting firm EY. Byju Raveendran, founder of the edtech company, has accused EY of colluding with ...
VCCircle24d
Byju’s collapse aside, how are other Indian edtech unicorns faring?
Indian edtech unicorns, which went on a rapid expansion spree during the pandemic years, are recalibrating their strategies as the collapse of Byju’s and investors’ focus on profitability prompts them ...
The Financial Express22d
No interim relief for Byju’s as NCLAT rules Rs 158 crore settlement with BCCI to fall under CoC review
Notably, Glas Trust holds a 99.41% voting share in the CoC. The high stake holding of Glas makes its claims highly influential in the case. Both Byju’s and BCCI have refuted these allegations ...
inc426mon
BYJU’S: An Empire That Was
Byju Raveendran is racing against time to save ... while the company’s share price surged, and Raju then sold shares for personal gains. Raju then confessed that the books were cooked, and ...
Devdiscourse3d
Legal Tussle Over Byju's Stake: GLAS Trust Moves to Halt AoA Amendments
GLAS Trust Company LLC has petitioned the NCLAT to prevent changes in Aakash Educational Services' Articles of Association. The move aims to protect minority shareholders' rights amid Byju's financial ...
Hindustan Times8d
‘Not immediately’: Byju Raveendran’s response to disgruntled employee over unpaid salary
Byju Raveendran, the CEO and co-founder of Byju’s, has assured an employee that salaries left unpaid for three months will be credited eventually Byju Raveendran, the CEO and co-founder of ...
Mint13d
Byju’s LinkedIn account, post on allegations against EY taken down, claims wife Divya Gokulnath
Divya Gokulnath, co-founder of struggling edtech platform Byju’s and the wife of Byju Raveendran, has claimed that her husband’s LinkedIn account had been taken down. Gokulnath said that Byju ...