The lenders, who have filed their insolvency plea through US-based non-bank loan agency Glas Trust Company LLC, told the tribunal that Byju s was borrowing more money in exchange for its shares
US lenders urge NCLT to restrain Byju's from selling shares - Education News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
An Indian tech firm, Think & Learn Pvt, faces penalties for concealing $533 million from lenders. Riju Ravindran, a director, failed to locate the funds, prompting US Bankruptcy Judge Dorsey to call his testimony dishonest. Despite no extradition treaty, fines loom. The dispute centers on creditors versus Think & Learn, embroiled in US courts.
A director of Indian tech firm Think & Learn Pvt faces financial penalties for defying a US judge's order to find out where the troubled company stashed $533 million that jilted lenders say should go to them.