Byju’s term loan creditors petition to initiate bankruptcy proceedings against subsidiaries
The creditors of the $1.2 billion term loan have filed 11 involuntary bankruptcy cases against Byju’s subsidiaries in Delaware.
5 June, 2024•2 min
0
5 June, 2024•2 min
0
More in Internet
Internet
OYO gets shareholders’ nod for IPO
At an extraordinary general meeting held last weekend, the budget hotel chain operator received approval to raise Rs 6,650 crore through an IPO.
You may also like
Internet
Byju Raveendran accused of negotiating secret payments with Indian officials while claiming bankruptcy
Amid creditors’ allegations that the missing $533 million from a term loan is being quietly used to settle cases in India, Delaware bankruptcy court grants them unrestricted use of confidential documents to pursue the matter.
Business
Pushed into rescuing KTM, Bajaj must now steer it out of trouble
The Pune-based automaker will have to completely revamp the operations of its near-bankrupt Austrian partner to reap the upside of a stable of high-end motorcycles and their enduring appeal.
Internet
Is AI the new hype in edtech?
At the ASU+GSV & Emeritus summit in Gurugram, even as experts rallied behind AI, everyone seems to have forgotten the significant failures in the last five years.