With a series of litigations ongoing in the US courts, a fresh lawsuit was filed recently against Byju's company in a Delaware court, according to a Bloomberg report. A software company, owned by Raveendran, got money transferred from its US branches, which is in contravention of the US bankruptcy rules, said the report. Funds that ought to be used to repay creditors were instead siphoned off to Whitehat Education Technology, a court-approved trustee for the affiliates said in court papers. The bankruptcy attorney of the case, Claudia Springer, filed a lawsuit against Byju's with an intent to recover around $7,00,000 that was transferred from companies that are overseen by her. According to the lawsuit, funds from the US accounts were transferred to a Wells Fargo account associated with WhiteHat. The duration of the money transfer was reportedly between September 27 and October 7, 2024.
Esta historia es de la edición October 22, 2024 de The Free Press Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 22, 2024 de The Free Press Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
OBCs may be key factor in Ghansawangi
OBC voters hold the key in Maharashtra's Ghansawangi assembly seat, which also contains Antarwali Sarati, the epicentre of the Maratha quota agitation led by Manoj Jarange, as per observers.
Central Railway announces 10 additional special trains
In response to the high travel demand during the Diwali and Chhath Pooja festivities, Central Railway has announced an additional 10 special trains to help travellers reach destinations such as Danapur, Gorakhpur and Chhapra.
SCAMS ROCK BMC's 'L' WARD
CORRUPTION SCANDAL Along with 50,000 pressure cookers, the ward purchase several other items including sarees and laptops; while bills were paid, there is no evidence that these products were actually delivered
NTA announces schedule for NEET PG amid protests
Amid rising concerns about the transparency of the NEET issues PG ranking system that have recently garnered the attention of the Supreme Court - the National Testing Agency (NTA) has announced the long-awaited counselling schedule for NEET PG 2024.
Bharati Lavekar faces a tough competition amid infra woes
VERSOVA SEAT Opp voices dissatisfaction citing stalled projects congestion
De-addiction cases at KEM up 15-20% in 2024
DRUG MENACE MDMA, marijuana cases among youth a worry; doctors warn against unproven home treatments
Jains observe Mahavir's 'Moksha Kalyanak'
Jains observed Moksha Kalyanak, the anniversary of the Nirvana, or liberation, of their Bhagwan Mahavir, on Friday.
Jolt to MVA as 3 ex-MBMC corporators join Shiv Sena
MIRA BHAYANDAR In yet another major setback to the Shiv Sena (UBT) and Maha Vikas Aghadi (MVA), three former corporators in the Mira Bhayandar Municipal Corporation (MBMC) joined Eknath Shinde-led Shiv Sena ahead of the assembly elections scheduled to be held on November 20.
Police start preparing extradition dossier on Canada-based Anmol
The Mumbai Police has started preparing a dossier to request the extradition of jailed gangster Lawrence Bishnoi's brother, Anmol Bishnoi, who is believed to be residing in Canada.
50-100% rise in properties of defectors: Sena (UBT)
Shiv Sena (UBT) MP Priyanka Chaturvedi has raised serious concerns about the significant increase in personal assets of several MLAs and leaders who switched allegiance to Eknath Shinde's faction in June 2022.
