{"id":864570,"date":"2024-10-09T08:59:45","date_gmt":"2024-10-09T03:29:45","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=864570"},"modified":"2024-10-09T09:08:25","modified_gmt":"2024-10-09T03:38:25","slug":"byjus-transferred-funds-in-violation-of-bankruptcy-rules-via-shell-company-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/09\/byjus-transferred-funds-in-violation-of-bankruptcy-rules-via-shell-company-report\/","title":{"rendered":"Byju\u2019s transferred funds in violation of bankruptcy rules via shell company: Report"},"content":{"rendered":"<p>Byju&#8217;s, the embattled tech company controlled by Indian entrepreneur Byju Raveendran, has been accused of illegally transferring funds from its U.S. affiliate, according to a lawsuit filed on Tuesday in a Delaware federal court, Bloomberg reported. <\/p>\n<p>The lawsuit claims money that should have been used to pay creditors was funnelled to Whitehat Education Technology. Court-appointed trustee Claudia Springer, a bankruptcy attorney, is seeking the return of nearly $700,000 allegedly transferred from accounts under her control, per the Bloomberg report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Byju&#8217;s, the embattled tech company controlled by Indian entrepreneur Byju Raveendran, has been accused of illegally transferring funds from its U.S. affiliate, according to a lawsuit filed on Tuesday in a Delaware federal court, Bloomberg reported. The lawsuit claims money that should have been used to pay creditors was funnelled to Whitehat Education Technology. Court-appointed trustee Claudia Springer, a bankruptcy attorney, is seeking the return of nearly $700,000 allegedly transferred from accounts under her control, per the Bloomberg report.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-864570","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/864570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=864570"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/864570\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=864570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=864570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=864570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}