Singapore, June 12 (IANS) The General Division of the High Court of the Republic of Singapore has granted a stay on parts of a civil contempt order issued against Byju’s founder Byju Raveendran, providing temporary relief as he challenges the ruling through an appeal.According to the statement, the Singapore court stayed the committal and surrender provisions of its May 25 civil contempt order after considering an application filed on behalf of Raveendran.As a result, he is not required to surre…
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New Delhi, May 27 (IANS) Social media users reacted on Wednesday after reports showed that Byju’s founder Raveendran has been sentenced to six months in jail by a Singapore court for contempt in a case linked to the disclosure of assets.Several users on X described the development as a cautionary tale for startup ecosystem, with many questioning the aggressive growth strategy adopted by the once high-flying edtech platform.”One solution provider who was supposed to aid and help kids get educat…
New Delhi, May 27 (IANS) Edtech firm Byju’s founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt after allegedly failing to comply with multiple court orders related to his assets, a report has said.Bloomberg reported that the Singapore court directed Raveendran to surrender to authorities, pay legal costs of S$90,000 ($70,500) and furnish documents proving his ownership of Beeaar Investco Pte, a corporate entity that held shares in a related compa…