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Katerra says it will continue India operations; it’s US entity filed for Chapter11
June 10, 2021
‘We remain committed to the completion of all on-going projects and actively seeking new projects’
Katerra India, a technology driven company engaged in building construction projects and solutions, and part of the US-based Katerra, said that it will continue its India business.
While certain Katerra US and Cayman Island entities have voluntarily filed for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, Katerra said “This filing does not affect the operations of Katerra’s international affiliates, such as Katerra India.”
Following a thorough review of strategic business alternatives, certain Katerra US and Cayman Island entities have voluntarily filed for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the .
Reference is made to the earlier information provided about the ongoing financial process with the lenders, the latest in a press release dated 21 May 2021 in relation to the fixing of the hearing for
Three students sue coding bootcamp Lambda School alleging false advertising and financial shenanigans
Lambda School has attracted a lot of attention, and raised some $130 million in venture funding from an impressive list of investors, for its novel approach to coding education: offering six-month virtual computer science courses for $30,000, with the option of paying for the courses in installments based on a sliding scale that only kicks in after you land a job that makes at least $50,000.
But it turns out that the startup is attracting a lot of controversy, too. In the latest development, three students have filed lawsuits against the company in California, claiming misleading financial and educational practices.