Lenders To Byju's American Subsidiary Drag More Entities To Court
Lenders To Byju's American Subsidiary Drag More Entities To Court.
Source: indiawest.com
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Startups' new hiring strategies; unprecedented poll buzz online
Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut costs. This in todays ETtech Morning Dispatch.
Source: indiatimes.com
Why is Byju's Facing National and International Heat, Both Financially and Legally?
Yesterday, the National Company Law Tribunal (NCLT) issued notices to Think and Learn Pvt. Ltd., the parent company of Byju's, over non-payment of dues to operational creditors.
Source: outlookindia.com
Byjus: US court pulls up Byju Ravindran's brother for not being 'truthful' on the missing $533 mn that lenders are after
An Indian tech firm, Think & Learn Pvt, faces penalties for concealing $533 million from lenders. Riju Ravindran, a director, failed to locate the funds, prompting US Bankruptcy Judge Dorsey to call his testimony dishonest. Despite no extradition treaty, fines loom. The dispute centers on creditors versus Think & Learn, embroiled in US courts.
Source: indiatimes.com
Byju's Manager Riju Ravindran Not Truthful on Missing $533 Million, Says US Judge
A director of Indian tech firm Think & Learn Pvt faces financial penalties for defying a US judge's order to find out where the troubled company stashed $533 million that jilted lenders say should go to them.
Source: ndtv.com