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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 replies5 likes

Replies (4)

Somen Das

Senior developer | b... • 1y

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

0 replies1 like

Rajan Paswan

Honorary Mentions - ... • 1y

I believe byjus should have ended years ago

0 replies

Anonymous 1

Hey I am on Medial • 1y

Byjus is already considered dead

0 replies

Nawal
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SELF • 1y

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

0 replies

Recommendations from Medial

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 🙂

3 replies7 likes

Vrushali

Aspiring commerce pr... • 1y

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?

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LIKHITH

ON NE SAIT JAMAIS • 10m

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

10 replies13 likes

Aura

AI Specialist | Rese... • 11m

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

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Mahendra Lochhab

Content creator • 10m

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

0 replies3 likes

Anonymous

Hey I am on Medial • 11m

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

0 replies2 likes

Saksham

Legal Advisor! • 11m

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

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Anonymous

Hey I am on Medial • 11m

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

0 replies5 likes

Shuvodip Ray
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YouTube • 1y

The Supreme Court has been making efforts to leverage technology, including WhatsApp, to enhance its accessibility and efficiency. This year, the Supreme Court of India introduced an initiative to integrate WhatsApp into its operations, allowing it t

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Chamarti Sreekar

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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 (

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