New Delhi, June 12 -- Singapore's high court has granted a stay on a six-month jail term for the founder of failed Indian technology firm Byju's, his law firm Lazareff Le Bars said.

The decision marks a reprieve for an entrepreneur battling creditors in courts around the world. It followed a ruling last month that sentenced Byju Raveendran to half a year's imprisonment for contempt and ordered him to pay costs of S$90,000 ($70,000), saying he disobeyed orders related to his assets dating back to 2024.

That marked the first time a judge has threatened to imprison the once prominent entrepreneur, who founded one of India's highest-profile upstarts before a post-Covid slump pummeled the business. An appeal against the contempt finding has ...