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US lenders of Byju's seek to stop sale of Aakash stakes; Bengaluru court says commercial court must decide | Bangalore News

The investors in Byju’s had sought an injunction against the sale of shares of Aakash Educational Service by citing a default in payment of a loan of over Rs 11,000 crore obtained from US lenders.
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Byju's US unit, Alpha files for bankruptcy in Delaware

A unit of Byju’s, once one of India’s hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt. ....

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Byju's term loan lenders initiate insolvency resolution proceedings against the firm

India Business News: MUMBAI: In yet another setback for Byju’s, its foreign term loan lenders have filed a petition to initiate corporate insolvency resolution proceedings. ....

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Byju's term loan lenders confirm initiating insolvency resolution proceedings against ed-tech

In connection with the petition filing, the Ad Hoc Group issued the following statement, ....

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How Byju's US lenders ran into a hedge fund wall

Byju’s, which borrowed $1.2 billion in the US in November 2021, moved $533 million of it to Camshaft Capital Fund, a three-year-old hedge fund. ....

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