BYJU’S RP Sues Former Directors

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SUMMARY

BYJU’S current resolution representative Shailendra Ajmera has filed a lawsuit against Byju Raveendran, Riju Ravindran and Divya Gokulnath

The RP has demanded compensation for the fraudulent transfers of $533 Mn by BYJU’S US subsidiary to its related companies and INR 130 Cr from Think & Learn to one of its Indian subsidiaries

The Institute of Chartered Accountants of India will also resume its probe against the troubled edtech firm

BYJU’S current resolution professional Shailendra Ajmera has filed a lawsuit…



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BYJU’S RP Sues Former Directors


SUMMARY

BYJU’S current resolution representative Shailendra Ajmera has filed a lawsuit against Byju Raveendran, Riju Ravindran and Divya Gokulnath

The RP has demanded compensation for the fraudulent transfers of $533 Mn by BYJU’S US subsidiary to its related companies and INR 130 Cr from Think & Learn to one of its Indian subsidiaries

The Institute of Chartered Accountants of India will also resume its probe against the troubled edtech firm

BYJU’S current resolution professional Shailendra Ajmera has filed a lawsuit…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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