The General Division of the High Court of the Republic of Singapore has granted Byju Raveendran, the founder of Byju’s, a stay on parts of a civil contempt order. This stay provides temporary relief as Raveendran challenges the ruling through an appeal. The court has specifically stayed the committal and surrender provisions of the contempt order issued on May 25.
This means that Raveendran is not required to surrender himself, and no imprisonment term will be enforced while the appeal process is ongoing. The stay comes in response to an application filed on behalf of Raveendran. Media reports had previously suggested that an arrest warrant was issued against him following the original court order, but the court clarified that no such warrant was ever issued.
The civil contempt finding is related to a dispute over document disclosure and other obligations linked to arbitration proceedings. Efforts are being made to challenge the underlying arbitration orders through separate legal proceedings. J. Michael McNutt, Senior Litigation Advisor to Raveendran, criticized the misleading public narrative surrounding the case, emphasizing that no criminal charges have been brought against Raveendran in connection with the matter.
Raveendran expressed his commitment to addressing what he called a misleading narrative through legal means. He highlighted that neither he nor any of the founders personally received any part of the disputed funds. Instead, he mentioned that his family has reinvested over Rs 5,000 crore of their personal wealth back into the company.
