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Byju's Insolvency | After US Lender Consortium, Byju's Investors move Supreme Court against former management - In Supreme Court, Byju's investors likely to raise issues of mismanagement, siphoning off of funds, financial irregularities, pending probes by ED https://t.co/WhbOg5bWo5
After US lender consortium, Byju's investors move SC against former management @sheersh0510 @AshmitTejKumar https://t.co/5ytqpIBVcM
General Atlantic, Prosus ask #SupremeCourt to hear their concerns in #Byjus insolvency https://t.co/bnOYiENvyA
Foreign investors in the Indian education technology company Byju's, including General Atlantic and Prosus, have approached the Supreme Court of India to express their concerns regarding the company's insolvency proceedings. These investors, who collectively hold nearly 17% of Byju's shares, are seeking the court's intervention as it deliberates on the future of the company. The move follows actions by a US lender consortium and highlights issues of alleged mismanagement, siphoning off of funds, financial irregularities, and ongoing investigations by the Enforcement Directorate.
