Page 4 - Byju Raveendran

Byju Raveendran files caveat in SC after getting control of his firm

A caveat petition is a notice that certain actions may not be taken without informing the person who gave the notice

Byju Raveendran files caveat before SC against US-based creditor Glas Trust

Byju Raveendran has filed a caveat before the Supreme Court against its US-based creditor Glas Trust Company LLC over the order passed by the insolvency appellate tribunal NCLAT. The caveat was filed before the apex court on August 3, a day after the National Company Law Appellate Tribunal (NCLAT) passed an order restoring the board of edtech major after setting aside insolvency proceedings against it. Glas Trust has opposed the Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) alleging the money paid by Riju Raveendran (brother of Byju Raveendran) was tainted and was a case of "round-tripping". Anticipating the US-based creditor would challenge the NCLAT order before the Supreme Court, Byju Raveendran had filed a caveat requesting to be heard before the apex court passes any order on a plea filed by the US-based creditors. A Caveat application is filed by a litigant to ensure that no order is passed against them without being heard. Last Friday,

Byju's US lenders seek to block payment to BCCI, want their money first

Earlier this week, a judge in Delaware, where the main legal action against Byju's is taking place, ordered Ravindran to pay $10,000 a day until he helps locate the $533 million

Byju Raveendran takes charge of Byju's as NCLAT accepts BCCI settlement

The NCLAT noted that "money being offered by the largest shareholder and former promoter (Riju Raveendran) has nothing to do with the US lenders, which gives the court power to rule"

Byju's ex-director fined $10,000 per day over missing $533 million

The missing cash belongs to a bankrupt shell company, Byju's Alpha Inc., which is affiliated with Think & Learn and was taken over by the lenders after their loan defaulted

Byju's vs BCCI row: Edtech platform, cricket board reach settlement

Ed-tech startup Byju's will make payment to BCCI, founder Byju Raveendran's brother Riju Raveendran will complete the process, the lawyer added

Byjus vs BCCI row: Edtech firm seeks to settle debt with cricket board

Byju's has 'almost resolved' the matter with Board of Control for Cricket in India and will pay 'a certain tranche of the money' by this evening, a lawyer representing the firm said

Byju's insolvency order: NCLAT judge recuses from hearing appeal

Cites he had appeared for the BCCI as a lawyer and, therefore, did not think it appropriate to hear the matter

NCLAT judge recuses from hearing Byju's plea against insolvency proceedings

Byju's Founder Byju Raveendran's plea against the Insolvency of Think & Learn before the NCLAT was adjourned on Monday as one of the members of the bench recused from the hearing. The matter will be placed before a bench headed by National Company Law Appellate Tribunal (NCLAT) Chairman Justice Ashok Bhushan, who will assign a different bench to hear the matter. Raveendran had filed a petition challenging the initiation of insolvency proceedings against of Think & Learn, which runs edtech company Byju's. The matter was listed on Monday before a two-member Chennai-based bench of the NCLAT comprising Justice Sharad Kumar Sharma, Member (Judicial), and Jatindranath Swain, Member (Technical). However, Justice Sharma recused himself from the hearing, saying he had appeared as the counsel for the Board of Control for Cricket in India (BCCI) before his elevation. "I have appeared as a senior counsel for (the) BCCI. Since they are the main beneficiaries of this order, I cannot take ...

BCCI accuses Byju's CEO of misleading Karnataka HC in insolvency hearing

Byju's is currently dealing with claims exceeding Rs 200 crore from multiple creditors, including Rs 158 crore owed to BCCI

Byju's appeals to NCLAT Chennai against insolvency; hearing set for July 29

Byju's owes its creditors - BCCI, OPPO, Surfer Technologies, Cogent E Services, McGraw Hill Education India, and iEnergizer Services - more than Rs 200 crore

Qatar sovereign fund asks HC to block Byju founder's personal assets

Qatar Investment Authority invested in edtech company in 2019 and 2022

Byju's US lawyers blame client in a bid to quit US bankruptcy case

For months, lenders have been trying to find $533 million in cash that Ravindran allegedly moved out of the US

Edtech firm's founder Byju Raveendran faces reckoning as startup implodes

Accused of financial mismanagement and compliance issues, the son of family of teachers from a small village in south India faces a reckoning that will test the ingenuity that made him a poster child

Insolvency proceedings will force edtech major Byju's to shut down: CEO

The 452-page filing at the High Court of Karnataka, made by Raveendran's counsel MZM Legal, is not public but has been reviewed by Reuters

Edtech major Byju's to appeal against insolvency proceedings this week

Byju's has suffered numerous setbacks in recent years, including boardroom exits and a tussle with investors

Byju's journey from startup star to facing insolvency: All you need to Know

Byju's, which has denied mismanagement, says the investors don't have the power to vote out its CEO

BCCI initiates insolvency proceedings against online tutor Byju's

Byju's, founded by teacher Byju Raveendran, was valued at $22 billion at its peak but ran into financial and legal problems after its business dried up

NCLT admits Byju's parent Think & Learn into insolvency over BCCI dues

Byju's insolvency proceedings were triggered by BCCI's claim of unpaid dues amounting to Rs 158 crore

'Pay salaries or face an audit': NCLT warns crisis-hit edtech firm Byju's

The Bengaluru-based law tribunal told Byju's to pay the outstanding salaries to its employees irrespective of whether it has access to the funds raised through its rights issue