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Somen Das

Senior developer | b... • 1y

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 Replies

Replies (4)

Somen Das

Senior developer | b... • 1y

what ever I never purchased it is so so much costly, usmain mera ghar chala jata

Rajan Paswan

Honorary Mentions - ... • 1y

I believe byjus should have ended years ago

Anonymous 1

Hey I am on Medial • 1y

Byjus is already considered dead

Nawal
•

SELF • 1y

Well , that's how it works - jaise karoge waise bharoge

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Account Deleted

Hey I am on Medial • 1y

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 🙂

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LIKHITH

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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

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

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Mahendra Lochhab

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

Anonymous

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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

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Anonymous

Hey I am on Medial • 1y

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

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1 Reply