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New Delhi, Oct 17...

BYJU'S Founder Offers to Repay Lenders Before Taking Money

October 17, 2024 22:12
BYJU'S founder Byju Raveendran says he's willing to pay back lenders before taking any money, hoping to resolve the company's insolvency proceedings. The edtech firm faces USD 1.5 billion claims...

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New Delhi, Sep 26...

Byju's Accused of Preferential Treatment to BCCI: Congress Cites SC Observation

September 26, 2024 14:57
Congress accuses Byju's of giving preferential treatment to BCCI in settling dues, citing SC's observation questioning the ed-tech firm's decision to clear only the cricket body's payment. Supreme...

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New Delhi, Sep 24...

BYJU's Defaults on Term Loan B: Delaware Supreme Court Affirms

September 24, 2024 12:52
Delaware Supreme Court upholds ruling that BYJU's defaulted on Term Loan B, confirming lenders' right to take action against the edtech firm. The ruling follows BYJU's admission of default and...

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New Delhi, Sep 15...

BYJU'S Debt Dispute: US Lenders Demand Full $1.2 Billion Repayment

September 15, 2024 19:40
US lenders counter BYJU'S founder's claim on debt, demanding full repayment of $1.2 billion Term Loan B. The edtech firm is facing financial troubles and legal actions.

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Byju's Debt Claim Reduced to Rs 20 Cr, Glas Trust May Get No Money: Raveendran

September 9, 2024 16:48
Byju's founder Byju Raveendran says Glas Trust, representing US lenders, may not get any money from the disputed USD 1.2 billion loan due to their actions. The verified debt claim on Byju's is now...

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New Delhi, Aug 20...

Byju's Salary Delay: SC Order & BCCI Dispute - Raveendran Explains

August 20, 2024 21:10
Byju's CEO Byju Raveendran explains why July salaries haven't been paid due to a Supreme Court order on the BCCI settlement. Learn about the ongoing legal disputes and financial challenges facing...

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US Court Rejects GLAS's Attempt to Block Byju's BCCI Settlement

August 8, 2024 14:13
A US court has rejected GLAS Trust Company's application for a temporary restraining order aimed at blocking the settlement between Byju's and the BCCI. The ruling reinforces the validity of the...

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New Delhi, Aug 5...

Byju Raveendran Files Caveat Against US Creditor

August 5, 2024 19:38
Byju Raveendran filed a caveat in the Supreme Court against a US-based creditor who opposed the settlement of Rs 158.9 crore dues with BCCI. The creditor alleged 'round-tripping'.

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New Delhi, Mar 5...

Byju's Denies Siphoning Funds, Says Term Loan B Proceeds Held by Subsidiary

March 5, 2024 21:59
Edtech major Byju's denies allegations of siphoning funds from USD 1.2 billion Term Loan B, stating the proceeds are held by its non-US subsidiary. Byju's claims the funds were transferred from...

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BYJU'S Faces Insolvency Petition: USD 1.2 Billion Loan Dispute

January 25, 2024 22:45
BYJU'S is facing an insolvency petition from lenders of its USD 1.2 billion term loan, raising concerns about the edtech giant's financial stability. The company claims the petition is premature...

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