India, June 12 -- In a major relief for BYJU's founder Byju Raveendran, the Singapore High Court (HC) has stayed the jail sentence. The court had sentenced the cofounder to a six month jail term on the basis of its findings that he had disobeyed multiple orders related to disclosure of his assets since April 2024.

In a statement issued by law firm Lazareff Le Bars, which is representing Raveendran in the case, the HC had granted a stay on the committal and surrender provisions of its May 25 civil contempt order.

As a result, Raveendran is not required to surrender and no term of imprisonment currently takes effect. An appeal against the contempt finding has also been filed.

To note, the proceedings were initiated by a subsidiary of the...