The Supreme Court's decision on 26 September to temporarily halt Resolution Professional's (RP) planned meetings about Byju's bankruptcy case suggests that legal actions are still pending and there are still questions about the company's future.

The Supreme Court has questioned whycrisis-hit ed-tech major Byju's chose to settle its dues only with the BCCI despite beingin Rs 15,000 crore debt.

The insolvency process against Byju’s was initiated in June 2024 by the National Company Law Appellate Tribunal (NCLAT) following a plea by BCCI alleging 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

The company maintained that loan acceleration and enforcement actions by GLAS are still pending before the New York Supreme Court.

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,

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.

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.

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.