SC stays Kerala HC order directing Byju’s RP, EY India chairman, Glas Trust to appear

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The Supreme Court on Friday stayed the Kerala High Court order directing Byju’s’ parent Think & Learn’s (TLPL) resolution professional Shailendra Ajmera, a Glas Trust representative, and EY India chairman Rajiv Memani to appear in contempt proceedings linked to the edtech firm’s foreign assets. The Glas Trust represents Byju’s’ US lenders.

The contempt proceedings were initiated by Voizzit Technology, which has claimed rights over TLPL’s foreign assets, including the children’s learning platform Epic and coding platform Tynker.

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SC stays Kerala HC order directing Byju’s RP, EY India chairman, Glas Trust to appear



The Supreme Court on Friday stayed the Kerala High Court order directing Byju’s’ parent Think & Learn’s (TLPL) resolution professional Shailendra Ajmera, a Glas Trust representative, and EY India chairman Rajiv Memani to appear in contempt proceedings linked to the edtech firm’s foreign assets. The Glas Trust represents Byju’s’ US lenders.

The contempt proceedings were initiated by Voizzit Technology, which has claimed rights over TLPL’s foreign assets, including the children’s learning platform Epic and coding platform Tynker.

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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