Byju

NCLAT rejects Byju's resolution professional's petition in Aakash shareholding row

A two-member NCLAT bench said that since the NCLT order is "consensual" an an interlocutory order

NCLAT directs NCLT to decide on BCCI-Byju's settlement within a week

The tribunal had also cancelled the reconstitution of the Committee of Creditors (COC) of Byju’s, carried out by the Interim Resolution Professional on August 31, 2024, in which Srivastava had excluded Glas Trust and Aditya Birla Finance.

Riju Raveendran challenges NCLT's decision to reinstate 2 Byju's lenders

The petition argues that the National Company Law Tribunal (NCLT) had reserved its 29 January order on both the settlement approval and the lenders’ challenge. However, the tribunal ruled only on the lenders’ plea.

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.

Karnataka High Court stays NCLT order barring Aakash from amending AoA

On November 20, NCLT ruled in favour of investors, directing Aakash Institute not to go ahead with a resolution to amend the Article of Association

Byju’s hits back at BDO's resignation, calls auditor's exit 'escapist and legally untenable'

BDO, the firm that was roped in as the auditor of Byju’s a year ago, has resigned amid the worsening crisis at the edtech company, alleging a lack of transparency and cooperation from the management.

Byju's insolvency case: NCLT defers ruling on Glas Trust's plea against CoC meetings

On September 3, Glas Trust Inc, which represents several US-based lenders, was removed from the Committee of Creditors (CoC) in the ongoing insolvency case against Byju’s. This decision was made by Insolvency Resolution Professional (IRP) Pankaj Srivastava, after determining that Glas Trust no longer meets the requirement of representing at least 51 percent of the lenders.

Glas Trust ousted from Byju's insolvency case after failing to meet required lender threshold

The disqualification of Glas Trust could severely undermine the US lenders' position in their pursuit of accelerated repayment of $1.35 billion loan and penalties. The lender would not get a say on who should run the startup and steer a restructuring plan.

Facing insolvency, Byju's hit with new challenge from lenders

By Arpan ChaturvediNEW DELHI U.S.-based Glas Trust is asking an Indian court to not quash insolvency proceedings for ed-tech giant Byju's as ..

Byju’s ex-director fined $10,000 a day over missing $533 million

Riju Ravindran, brother of Byju’s founder, has been at the center of a nearly two-year-old fight over the missing cash, which lenders say should be returned to them after the company defaulted.

Byju’s TDS default: Employee not handing over taxes to government, Budget announces measures

Compounding of non-payment of TDS by corporates to be rationalised

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

In an unusual move, two law firms representing Riju Ravindran, brother of Byju’s founder, filed papers Friday in federal court in Wilmington, Delaware, claiming their clients have failed to cooperate in their own defense.

Byju's founder faces reckoning as startup implodes

The future of Raveendran's eponymous Byju's online coaching firm rests with India's courts after the county's biggest startup, once loved by global investors who valued it at $22 billion, crashed below $2 billion in valuation. The 44-year-old founder last week lost control of the company as a tribunal kick-started an insolvency process.

Byju Raveendran moves Karnataka HC against insolvency order, withdraws it to pursue NCLAT appeal

Raveendran will now pursue the regular appeal before National Company Law Appellate Tribunal (NCLAT). The appellate tribunal is expected to hear the plea on July 22 (Monday).

Byju’s insolvency: What happens to the company now, how ex-employees can recover dues—and more

Tricky questions could surface over the next few months with embattled edtech company Byju’s, once India’s hottest startup with a $22-billion valuation, entering the insolvency process.

Karnataka HC sets aside NCLT stay on Byju's second rights issue

Justice Krishna Kumar has sent the case back to NCLT for a fresh consideration. A detailed copy of the order is awaited

Byju's owes Rs 13 crore for preinstalling app in phones, Oppo tells NCLT

While adjourning the plea till July 3, the NCLT in Bengaluru said it would call the day 'Byju's day' as close to 10 petitions are coming up for hearing on that day.

India probe finds Byju’s didn’t commit fraud but had compliance lapses

The yearlong probe by the Ministry of Corporate Affairs found no evidence of wrongdoing such as siphoning of funds or manipulation of financial accounts, people familiar with the matter said.

Byju’s hedge fund ally can avoid arrest if he answers questions

US Bankruptcy Judge John Dorsey, during a court hearing Tuesday in Wilmington, Delaware, agreed to drop an arrest order for William C. Morton, the founder of Camshaft Fund. Byju’s invested $533 million of loan proceeds with the fund last year, according to court records.

NCLT issues notice in Oppo's insolvency plea against Byju's