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The ruling came on the back of Byju Raveendran failing to comply with discovery and court orders in the case for alleged misappropriation of $533 Mn from BYJU’S Alpha
The court ordered Raveendran to pay $533 Mn in damages for what the court determined to be fraudulent transfer of BYJU’S Alpha funds
The cofounder was also asked to pay another $540.6 Mn linked to the transfer of the debtor’s interest in Camshaft Capital Fund, a US-based hedge fund
Adding another chapter…
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.
The ruling came on the back of Byju Raveendran failing to comply with discovery and court orders in the case for alleged misappropriation of $533 Mn from BYJU’S Alpha
The court ordered Raveendran to pay $533 Mn in damages for what the court determined to be fraudulent transfer of BYJU’S Alpha funds
The cofounder was also asked to pay another $540.6 Mn linked to the transfer of the debtor’s interest in Camshaft Capital Fund, a US-based hedge fund
Adding another chapter…
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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