BENGALURU, (REUTERS) – India’s Byju’s said on August 8 that a U.S. court has shunned its lenders’ attempts to block its settlement with the Indian cricket board, calling it a “win” for its “turnaround ...
NEW DELHI, (IANS) – Embattled edtech company Byju’s on March 5 said that no funds have been siphoned off and around $533 million are currently in a 100 percent non-US subsidiary of the company. The US ...
Was acquiring Aakash Institute a mistake? Byju Raveendran strongly disagrees. In a candid response, the BYJU'S founder defends the move, calling it "one of our best acquisitions." He highlights how ...
When Indian education-technology company Byju’s was ordered last year to freeze over $500 million as part of a U.S. court battle with its lenders, it said the funds were safely within the business.
NEW YORK--(BUSINESS WIRE)--BYJU’s Alpha Inc. (“BYJU’s Alpha” or “Alpha”), a Delaware special purpose financing vehicle established by BYJU’S to receive proceeds of a $1.5 billion Term Loan B (the ...
The lawsuit alleged that the three orchestrated and executed a lawless scheme to conceal and steal $533 Mn of loan proceeds This comes after the US bankruptcy Delaware court ruled in favour of the ...
Pankaj Srivastava alleged that Khaitan & Co officials threatened to malign his image as insolvency officer if he appointed anyone but EY as process advisor in the insolvency procedure against BYJU’S ...
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. A top official of Indian tech firm Byju’s violated his ...
NEW YORK--(BUSINESS WIRE)--The steering committee of the ad hoc group of term loan lenders (the “Lenders”) of the $1.5 billion Term Loan B (the “Term Loans”) provided to BYJU’S Alpha, Inc. (“BYJU’s ...
It looks like an uphill struggle. Byju’s, which expanded aggressively into the US, faces “legal battles from Delaware to Bengaluru” with litigants ranging from the Qatar Investment Authority to ...
Byju's recent loss of control over its U.S. Subsidiary, Byju’s Alpha Inc., Following a Delaware court ruling on its $1.2 billion term loan default, marks a significant turning point for the EdTech ...
Sept 7 (Reuters) - Indian education technology company Byju's' auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju ...