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Responding to the allegations made by the US-based Delaware Court, the edtech giant said that it has met all the payment allegations of the $1.2 billion loan and its recent fundraise will help them become financially stable.
Indian EdTech giant, Byju’s Alpha, has been sued by an agent for lenders owed $1.2 billion after months of negotiations between creditors and the company.
Lenders accused one of India's hottest tech companies, Byju's Alpha, of hiding $500 million as part of a fight between creditors and the self-proclaimed biggest education technology company in the world.
Last month, regulators in India raided Byju’s offices, seizing documents and digital data
Edtech giant BYJU'S has refuted claims that it is hiding $500 million through its US-based company, BYJU'S Alpha. Terming BYJU's Alpha as a non-operative US ......