Episode Details
Back to EpisodesByju’s $1.2 billion bad loan just cost it a unit in the U.S.
Episode 147
Published 2 years, 3 months ago
Description
Since last year, the edtech giant is facing the wrath of a group of creditors who had given it a $1.2 billion loan. They wanted it to immediately repay part of the loan.
On Friday, a Delaware judge in the US concluded that the lenders had properly cited the default on loan when taking over control of a unit of Byju’s. Basically Byju’s lost the case.
What could’ve triggered this lack of confidence amongst the creditors of the Edtech giant?
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