BYJU'S refutes claims of hiding $500 million through US-based subsidiary
Ed tech giant BYJU's has refuted claims that it is hiding $500 million through it's US based company, BYJU'S Alpha
Source: livemint.com
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Byju's | No default on repayment of loans taken from US lenders: BYJU's
'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'
Source: telegraphindia.com
No default on repayment of loans taken from US lenders: BYJU's
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.
Source: devdiscourse.com
Byju's Faces Lawsuit In US; Edtech Major Clarifies Payments Made Fully Compliant With Credit Agreement
The lawsuit has been filed as Glas Trust Company vs Riju Ravindran, 2023-0488, Delaware Chancery Court (Wilmington)
Source: entrepreneur.com
No default on repayment of loans taken from US lenders: BYJU's
Edtech major BYJU'S 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 group's US entities to fund growth plans. The statement comes against the backdrop of lender Glas Trust company and investor
Source: dailypioneer.com