US Bankruptcy Court Rules In Favour Of BYJU’S’ Creditors

The US court observed that there was an actual fraudulent transfer of $533 Mn to BYJU’S-owned entity Camshaft

The bankruptcy court also directed the lenders and BYJU’S to submit a “joint proposed order” on the quantum of damages

At the heart of all this is the $1.2 Bn TLB extended to the troubled edtech in 2021. The company defaulted on payments later on, forcing lenders to drag BYJU’S to the court

A US bankruptcy court has ruled in favour of the lenders of BYJU’S in connection with a case involving…