Byju's in Crisis Mode

Published on: September 24, 2024 - Trouble does not seem to end for edtech giant Byju's as the Delaware Supreme Court upheld a significant ruling affecting the company, confirming that Byju's is in default on its hefty $1.2 billion Term Loan B. This ruling not only deals a severe blow to Byju's but also opens the door for its lenders, led by Glas Trust LLC, to take control of Byju's Alpha Inc., the American subsidiary that was pledged as collateral for this loan.