Page 2 - Byju Raveendran

Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute

Aakash urges NCLT to add EY and its partner as parties in Byju's dispute, citing conflict of interest and alleging professional misconduct in corporate advisory role

Byju Raveendran eyes return via AI model, says students will be compensated

BYJU'S CEO Byju Raveendran apologises for past service disruptions, pledges compensation to affected students, and outlines vision for AI-powered BYJU'S 3.0

NCLAT sets aside BCCI and Riju Raveendran's plea on Byju's settlement

The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju's and consider the settlement between the debt-ridden edtech firm and the apex cricket body. They had challenged the order passed by the Bengaluru bench of the National Company Law Tribunal, which had on February 10, 2025 directed to place their settlement offer before the new Committee of Creditors (CoC), in which US-based Glas Trust, the trustee for lenders to which Byju's owes USD 1.2 billion, is a member. A two-member Chennai bench of the NCLAT comprising Justice Rakesh Kumar Jain and Jatindranath Swain upheld the directions passed by the NCLT and said the settlement proposal was filed after the formation of CoC, hence as the provisions of section 12 A of the Insolvency & Bankruptcy Code, it requires the approval of the lender's body. Both BCCI and Riju have contended that since the application under Section .

Lenders to SPV in Delaware sue Byju Raveendran for 'stealing' $533 mn

Edtech pioneer, wife and close business associate accused of 'masterminding theft of more than half a billion dollars'

US lender trustee Glas Trust denies allegations by Byju Raveendran

Glas would take all necessary actions to hold Byju Raveendran and his associates accountable for the harm caused to lenders and thousands of T&L customers, says spokesperson

Byju Raveendran files FIR against former Byju's RPs, EY, and Glas Trust

Valued at $22 billion in 2022, Byju's has seen its fortunes almost wiped out due to a massive cash crunch, regulatory issues and disputes with investors

'Will rise again': Byju Raveendran promises comeback and company relaunch

Raveendran joined X on Friday to reveal the "truth" about the company and the events of the past two years

Was pressured to select process advisor, alleges Byju's former IRP

Khaitan & Co, EY refute allegations

Will Byju's employees ever get their unpaid salaries? What CEO has to say

Byju CEO Byju Raveendran assures unpaid employees that salaries will be cleared 'not immediately, but eventually', as staff struggle with three months of unpaid wages and financial uncertainty

Legal net tightens around Byju Raveendran after US court ruling on fraud

Raveendran has called for an investigation into what he alleged is a "criminal collusion" between accounting firm EY India, GLAS Trust which represents US lenders, and the IRP

Byju Raveendran faces legal risks after US court ruling on fund fraud

Lenders may argue that as the ultimate decision-maker, Raveendran had knowledge of or actively participated in the diversion of funds, potentially justifying a 'corporate veil-piercing' claim

Judge says Byju's official broke duty to lenders by hiding $533 million

Byju's fraudulently transferred at least part of the money to a small hedge fund based in Miami to keep it out of lenders' hands, US Bankruptcy Judge John Dorsey also ruled

Byju Raveendran accuses IRP, EY India, Glas Trust of criminal collusion

Raveendran alleges he and employees received proof of criminal collusion involving EY India, GLAS Trust, and the IRP, urging authorities to investigate the evidence

Settlement with BCCI outside lenders' scrutiny, Byju's Raveendran to NCLAT

Riju, the younger brother of founder Byju Raveendran, told the appellate tribunal that the settlement with BCCI had been finalised before the committee of creditors (CoC) was formed

Not given a fair hearing by NCLT: Former Byju's resolution professional

Srivastava told the NCLAT that the NCLT, Bengaluru, did not hear him in the absence of his lawyers and that the disciplinary action initiated against him was unfair

Riju Raveendran moves NCLAT against decision to reinstate 2 Byju's lenders

Riju, who is the brother of founder Byju Raveendran, has challenged a January 29 order of the National Company Law Tribunal (NCLT)

Cash-strapped Byju's executive, biz partner found in contempt of US court

Byju's manager Vinay Ravindra and company ally Rajendran Vellapalath failed to answer questions about their roles in stripping software, cash and other assets from Byju's US businesses

Downfall of Byju's, India's hot edutech startup, wipes out US debtholders

Recoveries will need to come from how Indian courts rule on the company's broader insolvency plan and how it aims to repay creditors; it's unclear how much, may be available to those in US

Don't want to go Byju's way: Aakash Educational Services to NCLAT

NCLAT refuses to set aside order halting move to amend AoA

Byju's insolvency: Riju Raveendran moves NCLT seeking inclusion in case

Byju's US-based lenders had opposed the settlement, claiming that the money used to repay BCCI was tainted as it was part of the $533 million that had allegedly gone "missing"