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| 1mOrder maintains status quo: Byju's after US bankruptcy court orders hedge fund manager arrest
Byju's, the embattled edtech company, has responded to an order from a US court directing the arrest of hedge fund manager William Cameron Morton for alleged involvement in concealing $533 million from Byju's creditors. Byju's stated that the order maintains the status quo as they have always maintained that the funds are safely held in one of their subsidiaries. The court also issued a preliminary injunction to freeze the loan proceeds and an arrest warrant for Morton. The order prohibits further transfer or use of the funds, while creditors believe this indicates potential fraud by Byju's.
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