The Chennai bench of the NCLAT on Tuesday, adjourned the case involving BYJU’s and a group of its US lenders represented by Glas Trust Company LLC.
Glas Trust, a U.S.-based creditor of Bengaluru-based edtech company, on Tuesday, told the Supreme Court that it had been falsely removed from the Committee of Creditors.
U.S. court in Delaware, on Tuesday, ordered involuntary Chapter 11 bankruptcy proceedings against BYJU's units: Neuron Fuel Inc., Epic! Creations Inc., and Tangible Play Inc.
The Supreme Court has scheduled a hearing for September 17 to consider an appeal filed by Glas Trust Company LLC, U.S.-based creditor of BYJU's.
Qatar Investment Authority (QIA) which invested in India's former edtech unicorn Byju's in 2019 is now taking legal action against the company amid insolvency.
Byju's has reportedly sent a legal notice to Aakash following their alleged resistance to complete the share swap that was agreed upon acquisition deal in 2021.
New York-based Davidson Kempner Capital Management LP has accused India's edtech unicorn Byju's of financial misconduct.
India's edtech unicorn BYJU's, on Wednesday, has signed the deal to acquire Aakash Educational Services Limited for $1 billion.
Delhi High Court, on Monday granted an ad-interim injunction to WhiteHat Jr and its founder, Karan Bajaj - restraining Pradeep Poonia.
Edtech unicorn BYJU’S on Thursday (September 17 2020) acquired LabinApp, an edtech startup backed by Unitus Ventures.
