Byju Raveendran’s Net Worth Plummets from ₹17,545 Crore to Zero in a Year
The company's troubles came to light when Byju's finally released its long-delayed results for the fiscal year ending March 2022.
Byju’s Unable To Pay Salaries As Rights Issue Funds Locked In Separate Account Amid Rift With Investors
The edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with investors.
Byju Raveendran’s Lookout Notice Renewed Amidst ED’s FEMA Probe Request
The Lookout Circular (LOC) issued for Raveendran, at both entry and exit points of the country, was initially issued more than a year ago.
Byju’s US Division Files For Chapter 11 Bankruptcy
Indian authorities have also investigated the cooperation for possible violations of the country's foreign exchange laws
Major Investors Urge Removal of Byju Raveendran and Family from Byju’s Board
The board of Byju's is currently composed of Byju Raveendran, his wife Divya Gokulnath, and his brother Riju Raveendran.
Byju’s Reports ₹2,250 Crore Loss Amid Escalating Debt Dispute
Byju's has faced a significant dispute with creditors over a $1.2 billion loan, leading to lawsuits from creditors due to covenant breaches.
