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text:

"A bankruptcy judge "concluded the Byju’s manager was either 'untruthful' or 'the most incompetent officer or director of a company'" - shocked, I'm shocked that an edtech decacorn going into bankruptcy could be hiding cash in a bankrupt shell company. Edtech is rarely educational, but often bankrupt"

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  "Ravindran has been at the center of a nearly two-year-old fight over the $533 million, which lenders say should be returned to them after the company defaulted. Ravindran hinted in court filings that the money was spent, but has failed to provide enough documentation to verify the claim.
  The missing money is at the heart of a dispute between lenders owed $1.2 billion and the startup founded by entrepreneur Byju Raveendran. The cash belongs to a bankrupt shell company, Byju’s Alpha Inc., which is affiliated with Think & Learn and was taken over by the lenders after their loan defaulted"

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langs:

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reply:

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createdAt:

"2024-09-07T19:12:44.089Z"