Tag: Byju Raveendran

U.S. court orders Byju to pay over $1 billion on petition of BYJU’s Alpha, GLAS Trust

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U.S. court orders Byju to pay over billion on petition of BYJU’s Alpha, GLAS Trust

According to the judgement dated November 20, 2025, the Delaware Bankruptcy Court found that Mr. Raveendran failed to comply with its discovery order and continued to be evasive on several occasion. A U.S. court has issued default judgement making Byju Raveendran liable to personally pay back over $1 billion based on the petition filed by…

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Qatar’s sovereign wealth fund moves Karnataka HC to enforce $235 million arbitral award against Byju Raveendran amid global scrutiny

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Qatar’s sovereign wealth fund moves Karnataka HC to enforce 5 million arbitral award against Byju Raveendran amid global scrutiny

BYJU’S owner Byju Raveendran. File. | Photo Credit: Reuters The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding LLC, has stepped up its legal battle against Byju Raveendran and his investment arm Byju’s Investments Pte. Ltd. (BIPL) by moving the Karnataka High Court to enforce an arbitral award worth $235 million, it said in…

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“Ready To Pay Back Lenders Before Taking A Single Rupee Out”: Byju’s Founder Byju Raveendran

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“Ready To Pay Back Lenders Before Taking A Single Rupee Out”: Byju’s Founder Byju Raveendran

In the latest statement, the lenders have raised their total claim to $1.5 billion. New Delhi: Byju Raveendran, the founder of troubled edtech firm Byju’s, on Thursday said that he is willing to pay back all the money owed to lenders if they are willing to work with him. During a two-and-a-half-hour call with the…

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Byju’s insolvency proceedings case: Supreme Court to hear plea on September 17

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Byju’s insolvency proceedings case: Supreme Court to hear plea on September 17

On August 14, the Supreme Court stayed the verdict of NCLAT, setting aside the insolvency proceedings, approving its ₹158.9 crore dues settlement with the Indian cricket board. | Photo Credit: Reuters The Supreme Court on Wednesday (September 11, 2024) said it will hear on September 17 the appeal of U.S.-based creditor Glas Trust Company LLC…

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No July Salaries For Byju’s Employees Yet, Founder Byju Raveendran Explains Why

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No July Salaries For Byju’s Employees Yet, Founder Byju Raveendran Explains Why

Byju Raveendran said there has never been an attempt to avoid legal or financial obligations (File) New Delhi: Embattled edtech company Byju’s is yet to pay July salaries to its thousands of employees and its Founder and CEO, Byju Raveendran, on Tuesday addressed workers, promising swift resolution despite facing several legal challenges. In an email…

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Nation

Byju’s insolvency proceedings order: NCLAT Chennai judge refuses to hear appeal

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Byju’s insolvency proceedings order: NCLAT Chennai judge refuses to hear appeal

National Company Law Appellate Tribunal (NCLAT) Chennai Judicial Member Justice Sharad Kumar Sharma on July 29 refused to hear an appeal by Byju Raveendran against the insolvency proceedings ordered against Think & Learn Private Limited, which runs Byju’s, citing that he has appeared for Board of Control for Cricket in India (BCCI) as senior counsel…

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Byju’s insolvency proceedings order: NCLAT Chennai judge recuses himself from hearing appeal

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Byju’s insolvency proceedings order: NCLAT Chennai judge recuses himself from hearing appeal

National Company Law Appellate Tribunal (NCLAT) Chennai Judicial Member Justice Sharad Kumar Sharma on July 29 recused himself from hearing an appeal by Byju Raveendran against the insolvency proceedings ordered against Think & Learn Private Limited, which runs Byju’s, citing that he has appeared for Board of Control for Cricket in India (BCCI) as senior…

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Byju’s Manager Riju Ravindran Not Truthful on Missing $533 Million, Says US Judge

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Byju’s Manager Riju Ravindran Not Truthful on Missing 3 Million, Says US Judge

Riju Ravindran failed to make a serious effort to find out what happened to the cash. 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. Riju Ravindran,…

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Nation

Byju’s slashes course fees by 30-40%, ups sales incentives by 50-100%

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Byju’s slashes course fees by 30-40%, ups sales incentives by 50-100%

Byju’s has announced change in sales strategy. | Photo Credit: REUTERS Edtech firm Think and Learn – owner of Byju’s brand – has slashed course subscription fees by 30-40% and hiked sales incentives by 50-100%, according to sources. Byju’s Founder and CEO Byju Raveendran, who has started handling the company’s daily operations, in a meeting…

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Business

Byju’s announces rejig of business; founder Raveendran to take over firm’s daily operations

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Byju’s announces rejig of business; founder Raveendran to take over firm’s daily operations

A Byju’s logo is seen in this illustration taken, June 22, 2023. | Photo Credit: Reuters Byju Raveendran, the founder of the edtech company Think and Learn, which owns the Byju’s brand, will handle the firm’s day-to-day operations following the resignation of CEO Arjun Mohan, the company said on April 15. The company has also…

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