US court holds Byju Raveendran in contempt for ignoring bankruptcy orders

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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…



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US court holds Byju Raveendran in contempt for ignoring bankruptcy orders


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…



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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