Abstract
Byju Raveendran started the ed-tech company Byju’s in 2011. The company attracted investors from both India and abroad. However, problems began when the company defaulted in 2021. In October 2024, the Supreme Court of India ordered that the company continue with insolvency proceedings. By the end of 2024, the company was in serious trouble, facing ongoing litigation in both India and the United States. What should Byju’s, under Raveendran’s leadership, do next? Should it simply allow the law to run its course? Should it acknowledge the alleged intentional fraud reportedly committed by Raveendran, Riju and other directors? Or should it fight a pitched legal battle to prove that there was no fraud and the mistakes were made inadvertently?
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | STR0490 |
| Title | Byju's: Legal Challenges in 2024 |
| Pages | 10 |
| Published on | Aug 5, 2025 |
| Year of Event | 2021-24 |
| Authors | Agarwal, Anurag K.; |
| Area | Strategy (STR) |
| Discipline | Ethics and Governance, Public Policy and Law, Strategic Management |
| Sector | Education |
| Learning Objective | 1. Understand the way insolvency and bankruptcy proceedings take place in the NCLT, NCLT and the Supreme Court 2. Assess the international litigation and arbitration taking place in such matters. 3. Critically evaluate the forensic audit and its evidentiary value in a court of law. |
| Keywords | Insolvency; Courts & Tribunals; Law; Entrepreneurship; Alternative Dispute Re; Investors |
| Country | India |
| State | Delhi |
| City | Delhi; Bengaluru |
| Organization | Byju's |
| Access | For All |
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