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.
If the dispute is not settled by then, the tribunal would hear the case on merits and pass an order accordingly. The case will now come up for hearing on April 30.
Shareholders' vote to oust edtech founder Byju Raveendran caps a remarkable fall for the former billionaire whose startup was once India's most valuable.