{"id":939449,"date":"2025-06-19T06:31:56","date_gmt":"2025-06-19T01:01:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=939449"},"modified":"2025-06-19T06:54:43","modified_gmt":"2025-06-19T01:24:43","slug":"byjus-rps-suit-claims-directors-owe-compensation-to-company-under-ibc-laws","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/06\/19\/byjus-rps-suit-claims-directors-owe-compensation-to-company-under-ibc-laws\/","title":{"rendered":"Byju\u2019s RP\u2019s suit claims directors owe compensation to company under IBC laws"},"content":{"rendered":"<p>An EY-backed resolution professional (RP) has filed lawsuits at the National Company Law Tribunal (NCLT) claiming former Byju\u2019s directors owe compensation to the company for fraudulent transfers of the company\u2019s assets, according to people familiar with the matter. <\/p>\n<p>The lawsuits invoke a provision under the Insolvency and Bankruptcy Code which provides legal recourse to reverse transactions undertaken by a company\u2019s previous management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An EY-backed resolution professional (RP) has filed lawsuits at the National Company Law Tribunal (NCLT) claiming former Byju\u2019s directors owe compensation to the company for fraudulent transfers of the company\u2019s assets, according to people familiar with the matter. The lawsuits invoke a provision under the Insolvency and Bankruptcy Code which provides legal recourse to reverse transactions undertaken by a company\u2019s previous management.<\/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":[59,4,10],"tags":[],"class_list":["post-939449","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/939449","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=939449"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/939449\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=939449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=939449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=939449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}