US court rules in Byju’s lenders favour, allowing them to take control of a unit

Lenders of tech startup Byju’s properly cited a loan default to take control of a unit, a United States court ruled. It said that they had the right to replace a board member with their nominee due to the default, rejecting Byju’s complaint. The lenders’ chosen director has effectively taken charge of Byju’s Alpha.

Ed-tech startup Byju’s(Shutterstock)
Ed-tech startup Byju’s(Shutterstock)

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