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Byju’s executive, business 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 that are under court supervision, a federal judge in Delaware found.

Bloomberg
January 30, 2025 / 06:53 IST
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Logos for the BYJU'S learning application, developed by Think and Learn Pvt., arranged on a smartphone in Mumbai, India on Wednesday, June 7, 2023. One of India's hottest tech companies, Byju’s, asked a New York court to intervene in its dispute with lenders owed more than $1 billion, claiming a group of distressed-debt investors manufactured a fake debt crisis to extort money from the education-technology firm.
Logos for the BYJU'S learning application, developed by Think and Learn Pvt., arranged on a smartphone in Mumbai, India on Wednesday, June 7, 2023. One of India's hottest tech companies, Byju’s, asked a New York court to intervene in its dispute with lenders owed more than $1 billion, claiming a group of distressed-debt investors manufactured a fake debt crisis to extort money from the education-technology firm.
Bloomberg
first published: Jan 30, 2025 06:53 am

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