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, emphasizing that Byju’s must be accountable for its defaults.
Related Posts
Musk vs Indian telcos: Jio, Airtel want fgn satcom players to bid for spectrum
At the India Mobile Congress, Jio’s Akash Ambani and Airtel’s Sunil Mittal raised concerns about foreign companies gaining easier market access. Ambani emphasized the need […]
Samvat 2082: How millennials can invest this Diwali
Samvat 2082: Diwali is a very common time when individuals get bonuses from their respective organizations, and this lump sum amount can be prudently used […]
MSCI lifts curbs on Adani group stocks
Global index provider MSCI lifted restrictions on Adani group stocks that were imposed after Hindenburg Research’s report in January 2023. The move, despite a second […]