Wall Street Journal

Byju’s Lenders Chase $500 Million Moved Out of U.S.

When Indian education-technology company Byju’s was ordered last year to freeze over $500 million as part of a U.S. court battle with its lenders, it said the funds were safely within the business.
Business Wire

U.S. Bankruptcy Court Issues Ruling in Favor of BYJU’s Term Loan Lenders

NEW YORK--(BUSINESS WIRE)--The steering committee of the ad hoc group of term loan lenders (the “SteerCo”) of BYJU’s $1.2 billion term loan today announced that the Honorable Judge John T. Dorsey of ...

ETtech Explainer: Inside the alleged $533 million heist at Byju’s

Oliver Chapman, founder and chief executive of the UK-based OCI, claims that Byju’s Alpha diverted $533 million using his firm to another entity belonging to the edtech’s founder, Byju Raveendran.
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 ...

BYJU’S Founder Files New Evidence in US Court to Refute Allegations of USD 533 Million Misappropriation

Byju Raveendran has submitted new bank records and communications to US courts to counter allegations of siphoning USD 533 million, claiming the funds were fully invested in Think & Learn and accusing ...

Aakash Educational Services puts ₹25 crore Byju's parent's rights issue subscription on hold, cites compliance reasons

In a statement, AESL said that its board determined that the ₹25 crore remitted by TLPL did not comply with Foreign Exchange ...