Byju Raveendran, Pai planning an 'out-of-court' settlement with US lenders

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The dispute revolves around the $1.

It noted that NCLAT did not apply its mind while closing the insolvency case against the ed-tech major.“The lenders are waiting for the SC order before responding to the settlement offer.

Byju Raveendran, the founder of Byju’s, recently acknowledged the severe challenges faced by the company, saying, “The company is worth zero now.

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Article Details

Category: BusinessFinance

Markets: IndiaSingapore

Topics: US lenders settlement Glas Trust Byju Raveendran Byju's insolvency Rights issue Supreme Court Investors dispute Aakash Educational Services Ranjan Pai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-20 @ 22:43:13 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 807 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23139486

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