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Byju, Delaware Supreme Court
Byju’s loses appeal over $1.2 billion loan default as Delaware Supreme Court upholds ruling
Byju’s, the embattled Indian education technology company, suffered another significant setback on September 23 when the Delaware Supreme Court upheld a ruling that declared the company in default on its $1.
Byju’s Loses Its Appeal of $1.2 Billion Loan Default Ruling
The Delaware Supreme Court has upheld a ruling in favor of lenders to Byju’s, once one of India’s hottest tech startups and now mired in bankruptcy.
US court confirms Byju’s loan default
Think and Learn, which owns Byju’s brand, said the Delaware SC has merely upheld a limited ruling by the Chancery court on the validity of one of their nominees as the director of the shell company, B
Byju’s loses control of US arm as Delaware court upholds default ruling
The company maintained that loan acceleration and enforcement actions by GLAS are still pending before the New York Supreme Court.
Delaware Supreme Court rules Byju’s defaulted on $1.2 billion term loan
The Delaware Supreme Court has confirmed that Byju’s is in default on a $1.2 billion loan, allowing US lenders to take control of its unit, Byju’s Alpha. The court validated the lenders' move to appoint Timothy Pohl as sole director,
US Supreme Court holds Byju’s in default; at the heart of India’s AI machine
The top court in Delaware has held that Byju’s defaulted on a $1.5-billion loan from US lenders. This and more in today’s ETtech Top 5.
US Delaware Supreme Court rules Byju’s defaulted on $1.5-billion loan
The ruling allows lenders to take control of the company’s assets in the US, primarily Byju’s Alpha Inc, and demand full repayment. Lenders have appointed Timothy Pohl as the sole director of Byju’s Alpha Inc for the purpose.
As US court affirms BYJU's loan default, edtech says order has no bearing on lender disqualification rights
BYJU'S US lenders through their administrative agent GLAS Trust approached Delaware Court of Chancery alleged default in the payments under the loan agreement and sought early payment of the $1.2 billion TLB.
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21h
Unions are getting a boost in Bengaluru tech industry. Byju’s layoffs was a catalyst
Industry leaders are questioning the relevance of unions in a sector where job mobility is high. Employees are leaving ...
3d
SC reserves verdict on plea challenging BCCI-Byju’s settlement
The Resolution Professional (RP) in charge of Byju's continuing bankruptcy procedures has arranged insolvency meetings, which ...
4d
Supreme Court halts creditors meeting in Byju’s insolvency case
The Supreme Court has halted Byju's committee of creditors meetings until a final ruling is made, delaying bankruptcy ...
4d
Byju’s insolvency case: Supreme Court reserves judgment on challenge to NCLAT’s stay order
Supreme Court reserves verdict on U.S. firm's plea against NCLAT order halting insolvency proceedings for Byju's.
devdiscourse
4d
Supreme Court Reserves Order on Byju's Insolvency Proceedings
The Supreme Court has reserved its verdict on a plea challenging NCLAT's decision to halt insolvency proceedings against Byju ...
english.mathrubhumi
4d
Byju's insolvency case: SC reserves verdict on US firm's plea
The Supreme Court reserved its verdict on a plea by Glas Trust Company LLC challenging the NCLAT order that set aside ...
5d
'You Have Rs 15,000 Crore Due Why Only Settle BCCI's': Supreme Court To Byju's
The Supreme Court has questioned whycrisis-hit ed-tech major Byju's chose to settle its dues only with the BCCI despite ...
ndtvprofit
4d
Byju's Insolvency: Supreme Court Halts Creditors Committee From Holding Meetings
US-based lenders, represented by Glas Trust LLC, were removed from the committee of creditors even after establishing that ...
4d
Supreme Court orders status quo in Byju’s insolvency
The insolvency process against Byju’s was initiated in June 2024 by the National Company Law Appellate Tribunal (NCLAT) ...
4d
Byju's insolvency case: SC reserves judgment on plea challenging BCCI settlement
During the hearing, Byju’s financial troubles were a key focus, with the company reported to have suffered a loss of Rs 8,104 ...
inc42
4d
BYJU’S Glas Trust Case: SC Asks IRP To Maintain Status Quo Until Judgement
The SC also flagged concerns about whether current laws allow for a settlement to bypass the established procedures ...
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Supreme Court of India
Insolvency and Bankruptcy Code
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