Valued at $18bn, Bangalore-headquartered Byju’s is not only the world’s most valuable edtech start-up but also India's most ...
The top court also reserved its verdict on a plea of US firm Glas Trust Company LLC against the verdict of National Company Law Appellate Tribunal (NCLAT) setting aside the insolvency proceedings ...
Yesterday, the bench asked why Byju's chose to settle the Rs 150 crores debt alone with the BCCI when it had over 15,000 crore debt and asked how the NCLAT could approve such a settlement.
The Supreme Court on September 25 raised concerns over the National Company Law Appellate Tribunal’s (NCLAT) decision to close insolvency proceedings against edtech firm Byju's, suggesting that ...
US lenders on Tuesday said that the Delaware Supreme Court ruling has affirmed that BYJU's defaulted on Term Loan B while the edtech firm asserted that it has no impact on legal proceedings going on ...
The Supreme Court (SC) of Delaware has affirmed that Indian edtech company Byju’s has defaulted on a $1.5 billion loan, enabling lenders to “exercise remedies”. The ruling on September 23 permits ...
The CJI questioned NCLAT’s reasoning for passing the order as BYJU’S dues to its Term Loan B lenders Glas Trust are significantly more than that of the BCCI The development came day after a ...
The court's decision supports an earlier ruling made by the Delaware Court of Chancery, which allowed the company's lenders, represented by Glas Trust LLC, to seize control of Byju's Alpha Inc Listen ...
Delaware Supreme Court upholds ruling that Byju's defaulted on $1.2 billion loan. Lenders retain control of Byju’s Alpha Inc after legal dispute over loan terms. Byju’s faces increasing ...
Aakash Educational Services is chalking out a revamping strategy ‘Aakash 2.0’ aimed at scaling up its operations, bringing efficiency and building hybrid learning centres On its association ...
The Delaware Supreme Court on Monday upheld a ruling in favour of Byju's lenders represented by Glas Trust LLC, handing a blow to the embattled ed-tech firm. As a result of the ruling, the Court of ...
Byju's, a struggling edtech startup undergoing insolvency proceedings, faces new challenges. Amazon Web Services and Vodafone Idea have halted their services due to unpaid bills. While AWS provided ...