BYJU’S Cofounders To Seek $2.5 Bn In Damages

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SUMMARY

A counsel for the cofounders said that Raveedran and Gokulnath are also preparing “additional claims” against the aforementioned “parties” in other jurisdictions

The counsel termed the “conduct” of the edtech’s term loan B (TLB) lenders, under Glas Trust, as “reprehensible and improper”

Recently, a US bankruptcy court held Raveendran in civil contempt for failing to appear before it and submitting evidence on time

Troubled edtech startup BYJU’S cofounders are planning to take legal action to seek…



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BYJU’S Cofounders To Seek $2.5 Bn In Damages


SUMMARY

A counsel for the cofounders said that Raveedran and Gokulnath are also preparing “additional claims” against the aforementioned “parties” in other jurisdictions

The counsel termed the “conduct” of the edtech’s term loan B (TLB) lenders, under Glas Trust, as “reprehensible and improper”

Recently, a US bankruptcy court held Raveendran in civil contempt for failing to appear before it and submitting evidence on time

Troubled edtech startup BYJU’S cofounders are planning to take legal action to seek…



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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