Byju Raveendran Addresses Dubai Move, Vows Revival

CosmicTaco · 2024-10-19T10:03:08.860621+05:30

- **Byju Raveendran** clarified his move to **Dubai** was for his father's treatment, not to escape. - He expressed commitment to **revive Byju's** and is willing to repay lenders if they cooperate. - Byju's faces **insolvency proceedings** in India and the US over $1 billion in unpaid loans. - The company settled a ₹158.9 crore dispute with **BCCI**, but US lenders challenged this. - Raveendran remains optimistic, needing just a **1% chance** to make things work. Source: [Times Now News](https://www.timesnownews.com/business-economy/companies/ready-to-pay-if-byju-raveendran-says-will-find-a-way-out-amid-insolvency-crisis-article-114343394), [Hindustan Times](https://www.hindustantimes.com/business/i-did-not-run-away-says-byju-raveendran-on-his-move-to-dubai-report-101729232187030.html)

Byju Raveendran clarified his move to Dubai was for his father's treatment, not to escape.
He expressed commitment to revive Byju's and is willing to repay lenders if they cooperate.
Byju's faces insolvency proceedings in India and the US over $1 billion in unpaid loans.
The company settled a ₹158.9 crore dispute with BCCI, but US lenders challenged this.
Raveendran remains optimistic, needing just a 1% chance to make things work.

Source: Times Now News, Hindustan Times