Articles for tag: Byju, Byjus, Control, Court, Disputes, Founder, Halts, insolvency, Jeopardy, NCLAT, placing, Raveendrans, Relief, Struggles, Supreme

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Byju’s struggles as the Supreme Court halts NCLAT relief, placing founder Byju Raveendran’s control in jeopardy amid insolvency disputes.

Byju’s struggles as the Supreme Court halts NCLAT relief, placing founder Byju Raveendran’s control in jeopardy amid insolvency disputes.

The Supreme Court has reserved its ruling on a US firm’s appeal against the NCLAT decision that halted insolvency proceedings for Byju’s, the prominent ed-tech company. The court is maintaining the current status until it issues its judgment, preventing any creditor meetings related to Byju’s case in the meantime. Previously, the NCLAT had provided Byju’s ...

Market News

Byju’s struggles as the Supreme Court halts NCLAT relief, placing founder Byju Raveendran’s control in jeopardy amid insolvency disputes.

BYJU’S faces a $1.2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.

BYJU’S is facing legal challenges from US lenders represented by Glas Trust, who demand repayment of a $1.2 billion Term Loan B. The founder, Byju Raveendran, claims the company’s verified debt is only around Rs 20 crore, arguing this means he may not owe anything. However, the lenders insist that both Raveendran and the Insolvency ...

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