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.
On Wednesday(13th March), The Karnataka High Court has extended its interim order until March 28, preventing Byju’s shareholders from implementing decisions made at a recent EGM, delaying resolution of a dispute involving CEO Byju Raveendran. Esteemed investors sought Raveendran’s removal, but a court order is impeding this effort. Additionally, the NCLT has intervened in Byju’s rights issue.
