Byju's

Think & Learn RP, GLAS representative, EY India chief summoned by Kerala HC

The executives have been directed to appear on December 5 as the court examines alleged contempt involving the company's foreign assets

Supreme Court turns down Byju's plea to halt insolvency proceedings

BCCI had initiated insolvency proceedings against the edtech platform over pending dues of Rs 158 crore

SC dismisses Byju Raveendran's plea on BCCI insolvency settlement

The Supreme Court on Friday dismissed a plea of Byju Raveendran, the promoter of Think and Learn Private Limited that operates ed-Tech firm Byju, challenging an NCLAT order which has mandated that the settlement of the BCCI's claim be placed before the Committee of Creditors. A bench of Justices J B Pardiwala and K V Viswanathan dismissed the appeal against the April 17 order of the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) and asked senior counsel Navin Pahwa, representing Raveendran in the matter, to proceed further. In its April 17 order, the NCLAT said the approval of the Committee of Creditors (CoC) was necessary for the application filed by the Board of Control for Cricket in India (BCCI) to withdraw the insolvency proceedings against Byju's. The top court noted that in July, it dismissed the appeals filed by the BCCI and Riju Raveendran, the younger brother Byju Raveendran and co-founder of Byju, against the same NCLAT order. Justice Pardiwala aske

Aakash puts Think & Learn's ₹25-cr allotment on hold over forex red flags

AESL has held back Think & Learn's share allotment in its ₹100-crore rights issue, citing concerns over FEMA, ECB and Companies Act compliance

US judgment against Byju Raveendran faces steep barriers in India

Default $1.07 bn ruling by Delaware court lacks automatic recognition under Indian law: Legal experts

US court cites Byju Raveendran's non-compliance, orders $1 bn penalty

A Delaware bankruptcy court has imposed a default judgment of over $1 bn on Byju Raveendran for repeated discovery violations in the Byju's Alpha case

US court orders Byju Raveendran to pay over $1 bn in Alpha-GLAS Trust case

Byju Raveendran plans to appeal US court's expedited default judgment, denies all allegations, and says GLAS Trust misled both Delaware court and public while blocking his ability to present a defence

US court orders Byju to pay over $1 bn on petition of Alpha, GLAS Trust

A US court has issued default judgement making Byju Raveendran liable to personally pay back over USD 1 billion based on the petition filed by BYJU's Alpha and US-based lender GLAS Trust Company LLC. According to the judgement dated November 20, 2025, the Delaware Bankruptcy Court found that Raveendran failed to comply with its discovery order and continued to be evasive on several occasion. "The court will enter default judgment against Defendant Raveendran...in the amount of USD 533,000,000, and on Counts II, V and VI in the amount of USD 540,647,109.29," the judgement said. The judgment directed Raveendran to provide a full and accurate accounting of the Alpha Funds and any proceeds thereof, such as the Camshaft LP Interest, including each and every subsequent transfer and any proceeds thereof. Email query sent to Raveendran's authorized agency did not elicit any immediate reply. BYJU's Alpha was incorporated when Raveendran was running the management of edtech firm Think and L

$533 million 'roundtripped' to Byju Raveendran, affiliates: US court filing

Debtor alleges evidence from OCI Limited shows funds were "round-tripped" to Byju Raveendran despite his earlier sworn statements - claims Byju's founders strongly reject

Riju Raveendran moves NCLT against TLPL's CCD pact with Glas subsidiary

Riju Ravindran has moved the insolvency tribunal NCLT against the Compulsory Convertible Debenture agreement between Think & Learn Pvt Ltd and a wholly-owned subsidiary of Glas Trust Co, Byju's US-based financial creditor, alleging it to be violative of FDI and FEMA regulations. The agreement was inked to raise finance to participate in the ongoing rights issue of Aakash Educational Service Pvt Ltd (AESL) after Glas Trust failed to get a stay order from the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court. Now, Glas, holding 99.25 per cent voting rights in Think & Learn Pvt Ltd (TLPL), which owns insolvent bound edtech firm Byju's, is attempting to raise money illegally, purportedly to participate in the right issue of AESL, Riju alleged in his interim application filed before the NCLT. Riju, a suspended director and promoter of TLPL, said the CCD (Compulsory Convertible Debenture) is drafted to look like FDI under FEMA. Still, it is actually like an ECB ..

Ronnie Screwvala's Upgrad enters race to buy assets of Byju's parent

Ronnie Screwvala-led Upgrad has submitted an EoI to buy Think & Learn, Byju's bankrupt parent, including K12 business, Aakash, Great Learning and other assets

Billionaire Ranjan Pai's Manipal Group eyes Byju's parent in insolvency bid

The education and healthcare major has filed an EOI to join the resolution process for Think & Learn

SC rejects plea to stop Aakash's rights issue, reducing Byju's stake to 5%

Byju's parent company, Think & Learn Private Limited (TLPL), is currently undergoing insolvency proceedings and cannot subscribe to fresh shares

Aakash shareholders clear share capital hike after NCLAT approval

The edtech firm said the capital hike and rights issue are essential to ensure Aakash's operational stability and protect Byju's investment through Think & Learn

NCLAT rejects plea to stop Aakash EGM amid Byju's insolvency case

Tribunal says insolvency of Byju's cannot be used to restrict a solvent subsidiary's commercial independence as Aakash prepares for key rights issue

Byju's challenges NCLT court's order over Aakash EGM rights issue

Think & Learn, which owns edtech brand Byju's, on Monday moved the National Company Law Appellate Tribunal against the NCLT order, which last week declined its plea to restrain Aakash Educational Services from convening its EGM for the rights issue. On October 17, 2025, the Bengaluru-based bench of the National Company Law Tribunal (NCLT) declined to grant any interim relief on the second plea filed by the insolvency-bound edtech firm Byju's to stay the extraordinary general meeting (EGM) scheduled for October 29, 2025. Meanwhile, a two-member bench of the National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N Seshasayee and Jatindranath Swain, on Monday reserved its order on an application filed by the GLAS Trust Company LLC, the US-based lender of the debt-ridden firm Byju's, regarding the EGM. GLAS Trust, which owns over 90 per cent of the voting rights in the Committee of Creditors of Byju's, had earlier filed an application before the appellate ...

$235 mn arbitration dispute: HC bars Byju Raveendran from alienating assets

The Karnataka High Court has restrained Byju Raveendran from disposing of assets after QIA sought enforcement of a $235 million arbitration award from the Singapore tribunal

Qatar's sovereign wealth fund moves HC to recover $235 mn from Byju's

Qatar Investment Authority escalates legal action against Byju Raveendran, seeking $235 million through Indian courts after a Singapore arbitration award

Education tech company Byju's alleges 'corporate raid' by debt buyers

Raveendran announces plans to seek $2.5 billion in damages

Supreme Court nixes BCCI, Riju Raveendran pleas on settlement for Byju's

The Supreme Court dismisses the appeals of BCCI and Riju Raveendran to withdraw insolvency proceedings against Byju's parent company, Think and Learn Private Limited, over unpaid sponsorship dues