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Ed tech giant BYJUs has refuted claims that it is hiding $500 million through its US based company, BYJUS Alpha

'The litigants have made bewildering claims that BYJU'S 'moved' USD 500 million from BYJU'S Alpha, insinuating that these acts were somehow wrongful. We deny these allegations'

The lenders allegations which also we dispute concern merely insignificant technical and non-monetary defaults, BYJUS said.Further, the company said that a Delaware court in the US has passed an interim order to maintain the status quo in relation to BYJUS Alpha.

The lawsuit has been filed as Glas Trust Company vs Riju Ravindran, 2023-0488, Delaware Chancery Court (Wilmington)

Edtech major BYJUS on Friday said it has not defaulted on repayment of loans raised from American lenders and USD 500 million worth of loans were transferred from the groups US entities to fund growth plans. The statement comes against the backdrop of lender Glas Trust company and investor

The lawsuit was filed by Glas Trust Company and investor Timothy R. Pohl against Byju’s Alpha, Tangible Play, Inc. and Riju Ravindran. The two companies being sued are units of Think and Learn Private, the edtech empire founded by Byju Raveendran

One of India’s hottest tech companies, Byju’s Alpha, was sued by an agent for lenders owed $1.2 billion after months of negotiations between creditors and the education technology firm.

Mark Humphrey will focus on expanding Brüush's distribution footprint into new channelsVANCOUVER, BC / ACCESSWIRE / November 3, 2022 / Bruush Oral Care Inc. (NASDAQ:BRSH), a direct-to-consumer leader in

Game-Based Learning Market projected to reach $29.7 billion by 2026, with a remarkable CAGR of 21.9%

Game-Based Learning Market projected to reach $29.7 billion by 2026, with a remarkable CAGR of 21.9%