{"id":910295,"date":"2025-03-01T07:47:42","date_gmt":"2025-03-01T02:17:42","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=910295"},"modified":"2025-03-01T07:48:07","modified_gmt":"2025-03-01T02:18:07","slug":"judge-says-byjus-official-broke-duty-to-lenders-by-hiding-533-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/01\/judge-says-byjus-official-broke-duty-to-lenders-by-hiding-533-million\/","title":{"rendered":"Judge says Byju&#8217;s official broke duty to lenders by hiding $533 million"},"content":{"rendered":"<p>A top official of Indian tech firm Byju\u2019s violated his fiduciary duty to lenders by wrongly hiding $533 million from them, according to a US court ruling Friday, a win for creditors vying to collect on a defaulted $1.2 billion loan. <\/p>\n<p>Byju\u2019s fraudulently transferred at least part of the money to a small hedge fund based in Miami to keep it out of lenders\u2019 hands, US Bankruptcy Judge John Dorsey also ruled. The two rulings entitle lenders to collect a financial damages award from the company, with the amount is set to be determined in a separate hearing, according to Dorsey\u2019s ruling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top official of Indian tech firm Byju\u2019s violated his fiduciary duty to lenders by wrongly hiding $533 million from them, according to a US court ruling Friday, a win for creditors vying to collect on a defaulted $1.2 billion loan. Byju\u2019s fraudulently transferred at least part of the money to a small hedge fund based in Miami to keep it out of lenders\u2019 hands, US Bankruptcy Judge John Dorsey also ruled. The two rulings entitle lenders to collect a financial damages award from the company, with the amount is set to be determined in a separate hearing, according to [&hellip;]<\/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":[9,34,4],"tags":[],"class_list":["post-910295","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/910295","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=910295"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/910295\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=910295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=910295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=910295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}