Yesterday, the National Company Law Tribunal (NCLT) issued notices to Think and Learn Pvt. Ltd., the parent company of Byju's, over non-payment of dues to operational creditors.
Byju Raveendran s brother Riju held in contempt by US court vccircle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vccircle.com Daily Mail and Mail on Sunday newspapers.
The US bankruptcy court has ordered financial penalties to be imposed on Riju Ravindran, with the specific amount to be decided in a subsequent hearing.
Bankruptcy Court Orders Civil Confinement Over Discovery Dispute | Patterson Belknap Webb & Tyler LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Edtech company, Byju's is facing allegations from investors who claim that the company siphoned off a staggering $533 million to an obscure hedge fund in the United States.
According to a PTI report, the investors are now seeking a stay on a USD 200 million rights issue, deeming it illegal and against the law.