After Mohan's resignation, Byju Raveendran, the company's Co-founder and CEO, will assume a more hands-on role in leading daily operations. Mohan will remain with the edtech firm in an "external advisory role."
Byju Raveendran and Divya Gokulnath are prohibited by the judge from further transferring or using any of the $533 million in loan proceeds previously held by Camshaft Capital Fund, and subsequently transferred to an unnamed and unknown offshore trust.
Byju's, which is the most valued ed-tech startup in the country, is backed by marquee investors like Mary Meeker, Yuri Milner, Chan-Zuckerberg Initiative, Tencent.