US court says Byju’s defrauded lenders

MUMBAI/BENGALURU : A US bankruptcy court has found Byju’s parent Think & Learn, Byju Raveendran’s brother Riju Ravindran and a little known hedge fund Camshaft Capital responsible for defrauding Byju’s term loan lenders.The court also observed that Ravindran violated his fiduciary duties as a director of Byju’s Alpha, a US subsidiary set up by the…

Hero Electric Insolvency Resolution: Bidders invited for India’s first electric scooter maker – March 14 deadline – Companies

Updated Mar 2, 2025 00:55 IST Hero Electric Insolvency Resolution IBC: The Expressions of Interest (EOI) inviting prospective bidders for the company, floated on February 18 is open until March 14, 2025. Article Highlights Sales of Hero Electric plummeted from 100,000 units in FY23 to a mere 11,500 units in the last fiscal year, impacted…