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Delaware Supreme Court rules Byju’s defaulted on $1.2 billion term loan

IndiaTimes Tuesday, 24 September 2024
The Delaware Supreme Court has confirmed that Byju’s is in default on a $1.2 billion loan, allowing US lenders to take control of its unit, Byju’s Alpha. The court validated the lenders' move to appoint Timothy Pohl as sole director, emphasizing that Byju’s must be accountable for its defaults.
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