Byju’s Lenders Win in Loan Default Battle

Lenders declared a $1.2 billion loan default at Byju's Alpha, a subsidiary of ed-tech provider Byju's.

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A Delaware judge ruled that the lenders had the right to replace a company founder's relative on Byju's Alpha's board.

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Byju's faced financial distress due to declining online learning, leading to lender pressure and investor write-downs.

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Lenders gained control of Byju's Alpha shares after a government-backed loan guarantee fell through, triggering a default.

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Timothy Pohl assumed sole control of Byju's Alpha and faced no objections to his fees in court.

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Byju’s Lenders Win in Loan Default Battle

Lenders declared a $1.2 billion loan default at Byju's Alpha, a subsidiary of ed-tech provider Byju's.

A Delaware judge ruled that the lenders had the right to replace a company founder's relative on Byju's Alpha's board.

Byju's faced financial distress due to declining online learning, leading to lender pressure and investor write-downs.

Lenders gained control of Byju's Alpha shares after a government-backed loan guarantee fell through, triggering a default.

Timothy Pohl assumed sole control of Byju's Alpha and faced no objections to his fees in court.

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