Kerala HC Summons BYJU’S RP, Glas Trust & EY India Head On Dec 5

Kerala High Court has summoned BYJU’S Resolution Professional, Glas Trust, and EY India head on concerns that BYJU’S may have violated court orders by proceeding with overseas asset transfers despite existing restraints. The matter stems from disputes raised during insolvency proceedings and alleged non-compliance with governance norms. The court intends to examine whether the entities acted contrary to directions and whether asset sale procedures followed due legal process. This move marks increased judicial scrutiny on BYJU’S restructuring and compliance issues amidst ongoing financial and operational challenges.