Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement

The suspended directors of embattled edtech firm Byju’s have approached the bankruptcy appeals court to prevent its creditors ...
TechCrunch

Court halts Byju’s second rights issue as $200M fundraise falters

Byju’s is having a hard time raising the full $200 million from its rights issues that its founder had previously claimed was oversubscribed, sources familiar with the matter told TechCrunch. And now ...
Bloomberg L.P.

Byju’s Averts Bankruptcy as Court Allows Debt Settlement

Byju’s secured time to repay $19 million owed to India’s cricket governing board, a move that allows the online tutoring startup to avoid insolvency for now. A companies’ appeals court in the southern ...
inc42

BYJU’S Suspended Resolution Professional Alleges Pressure To Rope In EY

Pankaj Srivastava alleged that Khaitan & Co officials threatened to malign his image as insolvency officer if he appointed anyone but EY as process advisor in the insolvency procedure against BYJU’S ...
Bloomberg L.P.

Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its ...
Hosted on MSN

Byju’s app taken down from Google Play Store; payment disruption for services cited

Troubled edtech firm Byju’s app has been taken down from the Google Play Store due to disruptions in payments for its services, according to sources familiar with the matter. However, other apps from ...
inc42

BYJU’S Vs TLB Lenders: US Bankruptcy Court Rules In Favour Of Creditors

The US court observed that there was an actual fraudulent transfer of $533 Mn to BYJU’S-owned entity Camshaft The bankruptcy court also directed the lenders and BYJU’S to submit a “joint proposed ...
Business Insider

A once-hot startup got a $1.5 billion loan. More than $500 million went to a high school dropout's 'sham' hedge fund, judge rules.

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Meghan Morris Every time Meghan publishes a story, you’ll get an alert straight to your inbox!
Reuters

Once India's biggest startup, Byju's faces insolvency proceedings

BENGALURU/NEW DELHI, July 16 (Reuters) - Edtech company Byju's, once India's biggest startup valued at $22 billion, will face insolvency proceedings for failure to pay $19 million in dues to the ...
JD Supra

Delaware Bankruptcy Court Sides with Trustee in Two Related Orders in $500 Million Fraudulent Transfer Action Arising out of BYJU’s Bankruptcy

In related orders in an action to recover over $500 million in alleged fraudulent transfers arising out of the bankruptcy of an education technology company, the U.S. Bankruptcy Court for the District ...
Reuters

Byju's insolvency quashed by Indian appeals tribunal

NEW DELHI, Aug 2 (Reuters) - Insolvency proceedings against India's Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for U.S. lenders that ...