Delaware Supreme Court ruling affirms BYJU's defaulted on Term Loan B

Quick Summary:

BYJU's, from US-based lenders, had raised $1.2 billion Term Loan B (TLB)—a loan which is issued by institutional investors, through its holding company Byju's Alpha.

The submissions were made by senior advocate Kapil Sibal, appearing for the US firm, before a bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra.

The Delaware Supreme Court ruling has affirmed that edtech firm BYJU's has defaulted on Term Loan B.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Company Lenders Us-based Supreme Term Delaware Byju Privacy Court Loan Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 07:33:01 (5 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 169 words

Reading Time: 1 minutes read

Sentences: 14 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22691833

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