🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

Somen's 8D world

Stealth • 7m

is this the ending? 😭 Delaware court restricts Byju’s from use of $533 mn parked overseas Riju Ravindran, co-founder of edtech company Byju's, has been penalized by a US court for contempt of court. The court found Ravindran in contempt for refusing to disclose the location of $533 million in term loan proceeds that he transferred from Byju's Alpha Inc. The court has also prohibited further transfer or use of the loan proceeds. The financial penalties imposed on Ravindran will be announced in a future hearing. Byju's has faced multiple legal cases from investors, vendors, and bondholders, adding to its existing challenges.

4 replies5 likes
Replies (4)

More like this

Recommendations from Medial

Image Description
Image Description

Vaibhav Babruwan Shingde

Stealth • 9m

Hello Everyone 🖐️, Now Court has Freezed assets of Byju's due to missing of $533 M . What do you think guys, What will happen with Byju's because as a entrepreneur you will feel 😢.? Let's Discuss 🙂

3 replies7 likes
Image Description
Image Description

Vrushali

Stealth • 7m

New badminton court is placed in the area where no other sport court is available. Less competition. Max of the population has average middle class lifestyle. How will you attract the customers?

20 replies7 likes
Image Description

Aura

Stealth • 5m

Supreme court of india has is decreased royalty on minerals and precious resource

2 replies3 likes
Image Description
Image Description

LIKHITH

Stealth • 4m

STAY UPDATED !! Byju's, Bengaluru-based edtech firm, is reportedly in talks with the Board of Control for Cricket in India (BCCI) to settle its Rs 158.90 crore debts. If the settlement is reached, Byju's will be released from an insolvency process

See More
10 replies13 likes

Mahendra Lochhab

Stealth • 4m

BYJU'S has settled its dispute with the BCCI and will pay 158 crore in pending dues.

0 replies3 likes
Anonymous

Anonymous

Stealth • 5m

The Ministry of Corporate Affairs (MCA) has clarified that the investigation into allegations of financial misconduct against the troubled edtech startup Byju's is still ongoing. The clarification comes after a media report claimed that the governm

See More
0 replies2 likes
Image Description

Saksham

Stealth • 5m

Supreme Court Looks into Credit Bureaus' Data Practices The Indian Supreme Court is investigating four credit information companies: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. These companies are accused of violating the privacy of mi

See More
1 replies6 likes
Anonymous

Anonymous

Stealth • 5m

The National Company Law Tribunal (NCLT) has instructed Byju's to pay salaries regardless of the edtech company's access to the funds raised through its rights issue and warned of an audit if employees are not paid. "You are a company that is funct

See More
0 replies5 likes
Image Description
Image Description

Afzal Khan

Stealth • 3m

#Free pavel durov. Telegram CEO is in court of France what will be the result

2 replies4 likes
Image Description

Chamarti Sreekar

Stealth • 1m

Russian court has fined Google an unbelievably large amount, more than all the money on Earth combined This record fine stems from Google’s restrictions on Russian media outlets like Tsargrad and RIA FAN The initial fine was only 100,000 rubles (

See More
1 replies8 likes

Download the medial app to read full posts, comements and news.