Byju's US lenders dropped from creditor committee
Wednesday, 4 September 2024
Byju's insolvency case has taken a contentious turn as US lenders and resolution professional Pankaj Srivastava clash. Srivastava removed Glas Trust Company from the committee of creditors, admitting their claim as a contingent liability. Legal proceedings in India and the US are ongoing regarding the validity of Byju's term loan acceleration.
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