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Byju Raveendran to file for $2.5 billion damages
The Free Press Journal - Mumbai
|November 28, 2025
IByju's founder Byju Raveendran is preparing to file a USD 2.5 billion damages claim, alongside new evidence in a US court that he says disproves GLAS Trust's allegations that USD 533 million in ‘Alpha Funds’ was diverted by the company's founders.
A US bankruptcy court had, in a default ruling last week, ordered Raveendran to pay more than USD 1 billion, saying the former corporate star, who set up the eponymous Indian edtech and tutoring company, had refused to cooperate with legal efforts to locate almost half the proceeds from a USD 1.2 billion US term loan made in 2021.
Denne historien er fra November 28, 2025-utgaven av The Free Press Journal - Mumbai.
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FLERE HISTORIER FRA The Free Press Journal - Mumbai
The Free Press Journal
During childcare leave, women employees will get 80% of salary
The state government is going to implement the new leave rules from January 2026.
2 mins
November 28, 2025
The Free Press Journal
Elderly hurt in hit ’n run; FIR against SoBo doctor
A 65-year-old doctor has been served notice for allegedly ramming his car into an elderly woman and fleeing without helping her.
1 min
November 28, 2025
The Free Press Journal
SPV including Adani Transport emerges as lowest bidder
A special purpose vehicle (SPV) - comprising Adani Transport, Ashoka Buildcon and Akshaya Construction — has emerged as the lowest bidder for final phases of the Rs1,700-crore Mithi river rejuvenation project.
1 min
November 28, 2025
The Free Press Journal
PM unveils first pvt sector rocket
PM Narendra Modi on Thursday said India is experiencing an unprecedented moment in its space journey, with historic reforms unlocking the sector for private enterprise and global investment. He was speaking after virtually inaugurating Skyroot Aerospace’s sprawling Infinity Campus near Hyderabad airport and unveiling its first orbital rocket, Vikram-I.
1 mins
November 28, 2025
The Free Press Journal
FDA flags cookware over lead leaching risk
America's Food and Drug Administration (FDA) has warned consumers about 19 types of cookware, several of which are made in India out of aluminum and alloys that risk leaching of lead into food CBS reported on Thursday.
1 mins
November 28, 2025
The Free Press Journal
Govt launches drive to root out fake certs
In the backdrop of rising concerns over duplicate entries in the draft voters list, the Maharashtra Revenue Department has initiated decisive action to eliminate fraudulent records.
1 mins
November 28, 2025
The Free Press Journal
B'desh court gives Hasina 21 yrs in jail
A Bangladesh court on Thursday sentenced deposed prime minister Sheikh Hasina to 21 years in jail in three corruption cases related to irregularities in allocations of land in a government housing project.
1 mins
November 28, 2025
The Free Press Journal
SC LEANS TOWARDS REGULATION
Top court observes that the existing system of self-regulation for online content is ‘ineffective’ and stressed the need fora ‘neutral, independent and autonomous’ body to monitor obscene, offensive or illegal material on digital platforms
2 mins
November 28, 2025
The Free Press Journal
Split in Opposition space wide open
The possibility of a three-party Opposition alliance involving the Congress, Goa Forward Party (GFP) and Revolutionary Goans Party (RGP) for the upcoming Zilla Panchayat elections has grown increasingly doubtful after former BJP MLA and defector Isidore Fernandes was inducted into the GFP.
1 min
November 28, 2025
The Free Press Journal
Contaminated honey scare hits Sabarimala offerings
A contract-holder tasked with supplying honey for offerings at Sabarimala delivered containers that tested positive for formic acid, prompting the vigilance wing of the shrine's managing board to quash the consignment.
1 mins
November 28, 2025
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