India, Nov. 13 -- Byju's still faces many obstacles, such as financial issues and legal disputes with its creditors, even though withdrawing the insolvency case suits Byju's. The business must take decisive steps to strengthen its finances and win back investor trust. It's crucial to remember that things are still changing and that new developments could impact Byju's future.
Byju's is dealing with legal issues related to loan repayment in the Supreme Court of India, the NCLT, the NCLAT, and New York courts. It all began when the edtech behemoth failed to make an interest payment on a $1.2 billion term loan in June 2023. Since then, the business has been negotiating with its lenders, including Glas Trust, a US-based creditor that demande...
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