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Byju's Founder Accused Of Trying To Regain Firm With Hidden Cash
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.
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Byju's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
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Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
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US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
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Another Setback To Byju Raveendran, Supreme Court Revives Insolvency Proceedings
The Supreme Court on Wednesday revived insolvency proceedings against Byju's by putting a previous tribunal order on hold, in a victory for US lenders that say they are owed $1 billion by the education technology company.
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Byju's Says US Court Rejection To Lenders A "Win" For "Turnaround Efforts"
Byju's said on Thursday that a US court has shunned its lenders' attempts to block its settlement with the cricket board, calling it a "win" for its "turnaround efforts" in the country where it was once valued at $22 billion.
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In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
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Byju's Manager '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.
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Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
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X's Revenue Grew By Single-Digit Percentage, CEO Told Bank Lenders: Report
X Chief Executive Linda Yaccarino laid out plans to grow the social media company's business during her first meeting on Thursday with X's banks, according to a person who heard the call.
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Byju's Hid Rs 4,400 Crore In Fund Once Run From Pancake Shop In US, Allege Lenders: Report
Byju's, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash.
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Celsius Founder, Former CEO Arrested Over Fraud Charges as SEC Sues Crypto Firm
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts while Celsius' former chief revenue officer, Roni C...
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CFTC Investigators Find Crypto Lender Celsius, Former CEO Guilty of Breaking US Rules: Report
Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius Network and its former chief executive officer broke US rules before the firm’s implosion. Attorneys in the regulator's enforcement unit reportedly determined that Celsius misled investors and should have registered with the regulator.
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HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
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Byju's Alpha Accused of Hiding $500 Million From Lenders as Firm Battles US Lawsuit Over Control
Lenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million (roughly Rs. 4,100 crore) as part of a fight between creditors and the self-proclaimed biggest education technology company in the world.
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Byju's Founder Accused Of Trying To Regain Firm With Hidden Cash
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's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
-
Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
-
US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
-
Another Setback To Byju Raveendran, Supreme Court Revives Insolvency Proceedings
The Supreme Court on Wednesday revived insolvency proceedings against Byju's by putting a previous tribunal order on hold, in a victory for US lenders that say they are owed $1 billion by the education technology company.
-
Byju's Says US Court Rejection To Lenders A "Win" For "Turnaround Efforts"
Byju's said on Thursday that a US court has shunned its lenders' attempts to block its settlement with the cricket board, calling it a "win" for its "turnaround efforts" in the country where it was once valued at $22 billion.
-
In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
-
Byju's Manager '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.
-
Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
-
X's Revenue Grew By Single-Digit Percentage, CEO Told Bank Lenders: Report
X Chief Executive Linda Yaccarino laid out plans to grow the social media company's business during her first meeting on Thursday with X's banks, according to a person who heard the call.
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Byju's Hid Rs 4,400 Crore In Fund Once Run From Pancake Shop In US, Allege Lenders: Report
Byju's, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash.
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Celsius Founder, Former CEO Arrested Over Fraud Charges as SEC Sues Crypto Firm
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts while Celsius' former chief revenue officer, Roni C...
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CFTC Investigators Find Crypto Lender Celsius, Former CEO Guilty of Breaking US Rules: Report
Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius Network and its former chief executive officer broke US rules before the firm’s implosion. Attorneys in the regulator's enforcement unit reportedly determined that Celsius misled investors and should have registered with the regulator.
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HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
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Byju's Alpha Accused of Hiding $500 Million From Lenders as Firm Battles US Lawsuit Over Control
Lenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million (roughly Rs. 4,100 crore) as part of a fight between creditors and the self-proclaimed biggest education technology company in the world.
