Tag: VINAY RAVINDRA
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Companies News Update: Key Developments in Business on December 4, 2024
On December 4, 2024, major business updates included an investigation involving Eitan Arusy regarding Exxon’s adversaries, a judge considering sanctions against Byju’s executives for asset drainage, NTPC’s talks with international firms for small modular reactors in India, and Axis Bank’s initiatives to collaborate with startups. On December 4, 2024, significant business developments were reported across…
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Byju’s Executives Face US Court Sanctions Over Asset Depletion Issues
Byju’s executives Vinay Ravindra and Rajendran Vellapalath face possible financial sanctions from a U.S. court for allegedly stripping assets from the company’s U.S. subsidiaries, which are under bankruptcy protection. Judge John T. Dorsey is considering their role in this matter amid claims from creditors totaling over $1.2 billion. Byju’s, the beleaguered Indian technology firm, faces…