Byju’s insolvency case has taken a contentious turn as US lenders and resolution professional Pankaj Srivastava clash. Srivastava removed Glas Trust Company from the committee of creditors, admitting their claim as a contingent liability. Legal proceedings in India and the US are ongoing regarding the validity of Byju’s term loan acceleration.
Related Posts
IFC commits $400 million to Bajaj Finance to help boost climate finance, empower women
IFC, part of the World Bank Group, has pledged $400 million to Bajaj Finance Ltd. This funding will broaden financing options for customers purchasing electric […]
GST rules for credit notes tightened to stop leakage
- staff
- February 3, 2025
- 0
A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims […]