Karnataka High Court Directs Byju's RP To Preserve E-Mails, Communication Between Stakeholders For CIRP Purposes

The Karnataka High Court has ordered the initiation of insolvency proceedings against BYJU'S. This significant development follows the ongoing financial difficulties and legal challenges faced by the edtech company. The court's order indicates that a creditor or the company itself has likely filed an insolvency petition, and the court has found sufficient grounds to commence the insolvency resolution process under the IBC.