INSUBCONTINENT EXCLUSIVE:
The missing money is at the heart of a dispute between lenders owed $1.2 billion and the startup
Image: Bloomberg2 min read Last Updated : Jul 23 2024 | 8:01 AM ISTBy Steven Church and Reshmi BasuUS lawyers for units of the troubled
have failed to cooperate in their own defense
immediately respond to a request for comment.
For months, lenders have been trying to find $533 million in cash that Ravindran allegedly
moved out of the US, according to court documents
US Bankruptcy Judge John Dorsey held Ravindran in contempt of court for refusing to help track down the money.
The missing money is at the
heart of a dispute between lenders owed $1.2 billion and the startup founded by entrepreneur Byju Raveendran
24-10140, US Bankruptcy Court District of Delaware (Wilmington).First Published: Jul 23 2024 | 8:01 AMIST
