BYJU’S Insolvency Saga, Ather Revvs Up For IPO & More

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Now, Khaitan & Co Tangled In BYJU’S Insolvency Mess

The twists and turns in the insolvency saga of BYJU’S continue to unfold. Now, the troubled edtech startup’s suspended resolution professional (RP) Pankaj Srivastava has blown the whistle, alleging that legal firm Khaitan & Co strong-armed him into appointing EY India as the process advisor for insolvency proceedings against BYJU’S.

In a confidential filing with the Insolvency and Bankruptcy Board of India (IBBI), Srivastava claimed that the legal firm threatened to “malign” his…



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BYJU’S Insolvency Saga, Ather Revvs Up For IPO & More


Now, Khaitan & Co Tangled In BYJU’S Insolvency Mess

The twists and turns in the insolvency saga of BYJU’S continue to unfold. Now, the troubled edtech startup’s suspended resolution professional (RP) Pankaj Srivastava has blown the whistle, alleging that legal firm Khaitan & Co strong-armed him into appointing EY India as the process advisor for insolvency proceedings against BYJU’S.

In a confidential filing with the Insolvency and Bankruptcy Board of India (IBBI), Srivastava claimed that the legal firm threatened to “malign” his…



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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