Thursday, 19 June, 2025
Byju’s RP Sues Former Directors Under IBC for Fraudulent Asset Transfers
An EY-appointed resolution professional (RP) has filed an NCLT suit against former Byju’s directors under India’s Insolvency and Bankruptcy Code, alleging they must compensate the company for fraudulent asset transfers totaling over ₹130 crore and US$533 million. The suit claims these deals deprived Think & Learn of assets. The legal move underscores increasing IBC scrutiny and director accountability amid Byju’s ongoing financial restructuring.
Read full story at Economic Times