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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

Building for idea gu... • 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

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 Replies

LIKHITH

"You never know" • 1y

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 Replies

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?

20 Replies

Aura

AI Specialist | Rese... • 1y

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

2 Replies

Mahendra Lochhab

Content creator • 1y

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

Anonymous

Hey I am on Medial • 1y

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

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

Saksham

Legal Advisor! • 1y

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

1 Reply

Kamar Thakur

Real estate and fina... • 28d

Who has -1 CIBIL means they never took a loan but today they need a loan, then all people can contact us but only for employees or business owners from 1lacs to 5lacs.Those who do not need it, please do not waste your time.Everyone has a need, but no

Mridul Das

Introvert! • 6m

Deepak Ravindran, co-founder of AI-powered quick-commerce platform KiranaPro, has giving away 1% equity to each of his 42 employees as a personal birthday gift. As of now KiranaPro valued $1.74million (latest valuation), at this rate each employee is