The US bankruptcy court has held Byju’s founder and CEO, Byju Raveendran, in contempt for failing to follow its orders in the ongoing case involving the company’s US unit, Byju’s Alpha.
According to an ET report, the Delaware court stated that Raveendran failed to produce key documents and missed multiple deadlines despite receiving repeated warnings. The court has imposed a fine of $10,000 per day until he cooperates with the…