Why is Byju&#x27;s in hot water with US lenders? With allegations of financial mismanagement and a significant loan default, Byju&#x27;s legal battles could reshape its future. Read the full startup story to know more about it.

Foreign Creditor Urges NCLT to Stop Byju's from Transferring Shares

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The US-based creditors of BYJU&#x27;S have sought directions from the NCLT to restrain the company from pledging, selling or transferring shares.

TLB Lenders Urge NCLT To Restrain BYJU’S From Selling Shares

In a related matter, Byju&#x27;s also sought time to explore the possibility of settling debts owed to other lenders.

Foreign creditor urges NCLT to restrain Byju's from transferring shares

Even after they filed the plea in February, promoter Byju Raveendran borrowed Rs 350 crore in exchange for some of his shares, the lenders alleged.

US lenders urge NCLT to restrain Byju's from selling shares - Education News | The Financial Express

The lenders argued that even after they filed the plea in February, promoter Raveendran Byju borrowed ₹350 crore in exchange for some of his shares

US lenders urge NCLT to restrain Byju’s from alienating shares - The Hindu BusinessLine

Byju&#x27;s (stylised as BYJU&#x27;S) is an Indian multinational educational technology company, headquartered in Bangalore. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of January 2024, Byju&#x27;s was valued at $200 million, a sharp fall from its peak of $22 billion in 2022.

Byju's - Wikipedia

The lenders have been in negotiation with the company over prepayment of a $1.2 billion term loan taken by its US subsidiary, Byju&#x27;s Alpha, even as the two sides also continued to fight a legal battle in US courts.

Byjus News: Byjus Latest News and recent Byjus Updates | The Economic ...

BYJU&#x27;S is an educational technology company that develops personalized learning programs for K-12 students.

BYJU'S - Crunchbase Company Profile & Funding

BYJU&#x27;S | 1,900,675 followers on LinkedIn. Come fall in love with learning! | BYJU’S is a global ed-tech company, providing highly adaptive, engaging and effective learning solutions to more than 150 million students around the world. Founded in India in 2011, BYJU’S mission is to make ...

BYJU'S | LinkedIn

Byju's

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Our company faced enormous challenges when the full-scale Russian invasion of Ukraine started. 

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Stay on top in every subject with classes from India’s best teachers including Byju Raveendran, using state of the art technology for visualization

BYJU'S

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Since 2011

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BYJU'S

byjus.com

employees

Since 2011

COMPANY RANKING

BYJU'S

EVERGREEN INDEX #2326

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