As Byju’s corporate insolvency resolution process (CIRP) approaches a crucial stage, a key question hangs over India’s once most-valued startup. Does founder Byju Raveendran still have the ability to influence the company’s future?
The question has gained renewed significance after a Singapore court sentenced Raveendran to six months in jail for contempt, finding that he repeatedly failed to comply with orders to disclose information related to assets and ownership documents. In response, Raveendran, in a media statement, said he remained focused on “resolution over confrontation” and claimed that settlement discussions with lenders were at an advanced stage, with only a few residual issues left to be resolved. He also described the…