Byju Raveendran allegedly used Nebraska businessman William R. Hailer to try and buy out the US creditors to whom Byju's owes more than $1.2 billion

Hindustan Times

New Delhi

Delhi Division

Delhi

India

Byju Raveendran accused of trying to regain firm with hidden cash: Report

In India, Byju’s is facing insolvency proceedings, with a court-appointed professional working to raise funds to repay creditors.

Media Bias/Fact Check

News18 India

Mukesh Ambani

Byju’s Founder Allegedly Used Hidden Funds To Regain Control Of Firm: Report

The founder of bankrupt Indian tech firm Byju's tried to use loan proceeds that he allegedly hid from US lenders to secretly buy back a software company that was taken over by an American trustee, according to a new court filing.

NDTV

Independent Media

Gautam Adani

Byju's Founder Accused Of Trying To Regain Firm With Hidden Cash

All Sides

HT Media

The founder of bankrupt Indian tech firm Byju’s tried to use loan proceeds that he allegedly hid from US lenders to secretly buy back a software company that was taken over by an American trustee, according to a new court filing.Byju Raveendran has been trying to regain control his capsizing education technology empire, which is under court supervision in both India, where the parent is based, and the US, where some of its valuable units are loc…

NDTV Profit

Byju’s Founder Accused Of Trying To Regain Firm With Hidden Cash

Amid ongoing insolvency proceedings against BYJU’S, its founder Byju Raveendran has been accused of trying to buy out a software education firm using hidden loan money in an effort to regain control of the embattled edtech startup. According to a filing in the US Bankruptcy Court in Delaware, Raveendran “manipulated” Nebraska-based businessman William R Heller into acquiring more than $1.2 Bn worth of loans from US creditors, Bloomberg reported.…

Inc42 Media

Byju Raveendran Accused Of Trying To Regain Company’s Control With Hidden Loan Money

2024-11-21 13:08:35 :  
(Bloomberg) — The founder of bankrupt Indian technology company Byju’s tried to secretly buy back a software company that was taken over by a U.S. trustee using loan proceeds he allegedly hid from U.S. lenders, according to a new court filing.  
Byju Raveendran has been trying to regain control of his crumbling education technology empire, which is subject to court oversight both in India, where the parent company is base…

Thelocalreport.in

Byju founder accused of trying to revive business with hidden cash

Byju Raveendran, the founder of embattled ed-tech giant Byju’s, is facing allegations of using concealed loan funds to attempt a buyback of a software company seized by a U.S. trustee. According to a Bloomberg report citing court filings, Raveendran’s actions were part of a larger effort to regain control of his struggling startup, which is embroiled in bankruptcy proceedings in India and legal disputes in the United States. The report claims Ra…

gg2.net

Byju Raveendran accused of using hidden cash to regain control of startup company Byju's

Byju Raveendran, the founding father of embattled ed-tech big Byju’s, is dealing with allegations of utilizing hid mortgage funds to try a buyback of a software program firm seized by a U.S. trustee. Based on a Bloomberg report citing courtroom filings, Raveendran’s actions had been half of a bigger effort to regain management of his struggling startup, which is embroiled in chapter proceedings in India and authorized disputes in the US. The rep…

Byju Raveendran accused of trying to regain firm with hidden cash: Report

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics