Page 2 - Latest Updates on Byju Raveendran
July's salary not paid as firm yet to get control of accounts: Byju's CEO
On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju's
 "July's salary not paid as firm yet to get control of accounts: Byju's CEO")
US Judge refuses to block Byju's payment to India's cricket board
US Bankruptcy Judge Brendan Shannon rejected a lender request to block Riju Ravindran, brother of Byju's founder
 "US Judge refuses to block Byju's payment to India's cricket board")
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 in SC after getting control of his firm")
Byju Raveendran files caveat before SC against US-based creditor Glas Trust
Glas Trust has opposed the Rs 158.9 crore dues settlement with the Board of Control for Cricket in India
 "Byju Raveendran files caveat before SC against US-based creditor Glas Trust")
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's US lenders seek to block payment to BCCI, want their money first")
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 Raveendran takes charge of Byju's as NCLAT accepts BCCI settlement")
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
 "Byju's vs BCCI row: Edtech platform, cricket board reach settlement")
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
 "Byjus vs BCCI row: Edtech firm seeks to settle debt with cricket board")
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
Raveendran had filed a petition challenging the initiation of insolvency proceedings against of Think & Learn which runs Byju's
 "NCLAT judge recuses from hearing Byju's plea against insolvency proceedings")
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
 "BCCI accuses Byju's CEO of misleading Karnataka HC in insolvency hearing")
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
 "Insolvency proceedings will force edtech major Byju's to shut down: CEO")
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
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
 "NCLT admits Byju's parent Think & Learn into insolvency over BCCI dues")
