Rs 1,80,000 crore Indian firm makes bold move against US lender, know matter here
EdTech giant Byju's, engaged in a dispute with its US lenders, decided to make a bold move.
Source: dnaindia.com
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Byju's disqualifies US lender for 'predatory' tactics, skips payment on USD 1.2 bn loan
Byju's has skipped payments due on a USD 1.2 billion loan and instead disqualified the US lender for "predatory" tactics, the education technology startup said on Tuesday. Byju's filed a suit against investment management firm Redwood saying the US entity purchased a significant portion of the
Source: dailypioneer.com
Edtech | BYJU's disqualifies US lender for 'predatory' tactics, skips payment on $1.2 billion loan
The company filed a suit against investment management firm Redwood saying the US entity purchased a significant portion of the loan
Source: telegraphindia.com
Byju's Alpha accused of hiding $500 million from lenders
The allegation came out at a court hearing on Thursday in Delaware, where Byju’s Alpha faces a lawsuit over who should control the company. Lenders claim that because of a default earlier this year, they have the right to put their representative, Timothy R. Pohl, in charge.
Source: moneycontrol.com
More trouble for BYJU'S: Company faces lawsuit in the US
Alpha Inc faces a lawsuit from an agent acting on behalf of lenders who are owed $1.2 billion. The suit was lodged by Glas Trust Company and investor Timothy R. Pohl, naming BYJU'S Alpha, Tangible Play, Inc., and Riju Ravindran as defendants. Ravindran is the director of Alpha Inc.
Source: businesstoday.in