Byju

A look at the fall of Indian edtech startup Byju's, leading to US court sanctions, as lenders accuse founder Byju Raveendran of siphoning $533M of a $1.2B loan

A look at the fall of Indian edtech startup Byju's, leading to US court sanctions, as lenders accuse founder Byju Raveendran of siphoning $533M of a $1.2B loan

A US bankruptcy judge ordered Indian edtech startup Byju's founder Byju Raveendran on Nov. 20 to pay $1B+ to US lenders, over missing funds from Byju's US unit

Byju Raveendran, the embattled founder of Indian ed-tech giant Byju's, has blasted a U.S. bankruptcy court's order directing him to pay more than $1.07 billion.

A US court finds that Byju's and founder Byju Raveendran's brother violated a fiduciary duty to lenders by fraudulently hiding $533M from them

Steven Church / Bloomberg :

India's Supreme Court strikes down a tribunal order that let Byju's settle debts with India's cricket board, pushing the edtech startup firmly toward insolvency

Bloomberg :

An Indian tribunal orders a halt on insolvency proceedings against Byju's, days after Byju's settled a $19M payments dispute case with the Indian cricket board

Arpan Chaturvedi / Reuters :

An Indian court allows insolvency proceedings to begin against edtech startup Byju's, and installs an interim resolution professional to replace Byju Raveendran

Bloomberg :

Sources: India's Ministry of Corporate Affairs investigation finds Byju's did not commit financial fraud but had compliance lapses that led to mounting losses

Bloomberg :

A look at an Indian court case over Byju Raveendran's control of Byju's, as investors, who voted to remove Raveendran last month, brace for a protracted battle

Financial Times :

India's Enforcement Directorate accuses edtech giant Byju's of violating rules under the country's Foreign Exchange Management Act to the tune of $1.12B

Manish Singh / TechCrunch :