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BYJU LENDERS
Byju Raveendran says settlement near after Singapore court contempt orderByju's founder Byju Raveendran announced a settlement in principle with lenders like GLAS Trust and Qatar Investment Authority, following a...- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- Byju’s founder Raveendran sentenced to six months in jail for contempt of courtByju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt....
- US court finds Byju Raveendran, Think & Learn, company directors guilty of fraudAs per the lenders' statement, the court confirmed that several fund transfers from Byju’s Alpha were fraudulent and constituted theft. It ...
- Delaware Supreme Court holds Byju's in default of $1.5 billion loanThis means the lenders can demand a full repayment from the troubled edtech firm and take control of Byju's US entity, Byju's Alpha. This i...
- Byju’s obligated to repay $1.2 billion with interest, says US lendersThe lenders say the troubled edtech company has not made any contractually due payments in over 17 months and neither founder Byju Raveendr...
- Byju's insolvency case: NCLT rejects US lenders' plea to stop CoC proceedingsThe Bengaluru bench of NCLT said it cannot stop the Committee of Creditors (CoC) meetings, as the apex court has allowed its constitution. ...
- Byju’s lenders petition to put subsidiaries in bankruptcy in the USCreditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc. and ...
- US court says Riju Ravindran’s testimony “lacks credibility”, imposes penalty: Byju’s lender groupAn Indian tech firm, Think & Learn Pvt, faces penalties for concealing $533 million from lenders. Riju Ravindran, a director, failed to loc...
- Hedge fund manager faces arrest over $533 million taken from Byju'sWilliam Cameron Morton faces arrest for concealing $533 million for Byju's. Byju's Alpha filed bankruptcy after $1.2 billion default. Morto...
- Court relief for Byju’s in TLB lenders’ suitThe lenders of Byju’s $1.2 billion term loan had moved the city court last Thursday seeking an ex-parte injunction on the transaction allow...
- Byju’s lenders win fight over loan default, control of unitLenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in...
- Byju’s lenders accused of using bogus loan-default claimsThe distressed-debt lenders are “playing hardball” to create leverage in negotiations to restructure the loan and causing problems for Byju...
- Byju's, lenders renew talks to restructure edtech company's debt loadThe lenders have delivered a detailed amendment proposal to the company that calls for a debt pay down, coupon boost and better investor pr...
- Byju’s lenders open to negotiations, seek draft loan amendment proposalReject call for one-on-one meetings, will act collectively on disputed $1.2 billion term loan B
- Byju’s misses $40 million loan payment, sues term loan lender RedwoodIn its suit, edtech major Byju’s sought to “disqualify” lender Redwood, which allegedly has taken on “predatory tactics”, and consistently ...
- Byju’s Alpha accused of hiding $500 million from lendersLenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million as part of a fight between creditors and the se...
- Byju’s lenders seek quicker part-payment of $1.2-billion loanThe lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a Septembe...
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