While representing Byju's, the Managing Partner, MZM Legal LLP, Zulfiquar Memon said, "Our client is not aware of any such discussions, this news is completely speculative and I am not sure of its source." Adding, "We are confident in our compliance and are prepared to address any queries or concerns raised by the authorities in a timely, responsible and cooperative manner." Forming BAC to Provide Advice and Guidance Interestingly, this report comes around two weeks after three key directors representing some of the largest shareholders of Byju's–GV Ravishankar of Peak XV Partners (Sequoia Capital India), Russel Dreisenstock of Prosus and Vivian Wu of Chan Zuckerberg Initiative, stepped down from the board of Byju's over differences with founder Raveendran. Not only that, Deloitte, Byju's auditor and one of the largest audit firms globally, also resigned citing a "long delay" in the company's FY22 (2021-22) results on the same day.