HomeStartupsByju’s affiliate drained cash from US units in violation of bankruptcy rules:...

Byju’s affiliate drained cash from US units in violation of bankruptcy rules: lawsuit

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By Dark Descent
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A lawsuit in Delaware claims that Byju Raveendran’s company illegally transferred nearly $700,000 from US affiliates amid bankruptcy proceedings. Lenders seek to recover $533 million allegedly hidden by Byju’s, involving complex legal battles in both the US and India.

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