A Singapore court sentenced Byju’s founder Byju Raveendran to six months’ imprisonment for contempt over alleged non-compliance with disclosure orders, while directing payment of legal costs and ownership documents, though Raveendran denied wrongdoing, described the ruling as procedural and announced plans to appeal against it.
Today, On 6th September, The Supreme Court agreed to hear a plea about insolvency proceedings against ed-tech company Byju’s. This case involves the company’s financial challenges and its settlement of dues with the BCCI. Both parties are seeking an expedited hearing, and the court has stayed a previous NCLAT judgment concerning the case. The case revolves around a sponsorship agreement default with the BCCI.
