Byju's Alpha

2 weeks ago | mondaq.com | Byju's Alpha |Alan Bercow |Charlotte Walker

In Byju's Alpha Inc v OCI Ltd and others [2025]EWHC 271 (KB), the English High Court (High Court)set aside an order giving effect to a letter of request on thebasis that it was oppressive, because it would have allowed theapplicant to obtain testimony and documents from the respondentsprior to formulating proceedings against them. We considerthe key takeaways from a Cayman perspective on how to avoid thetraps and pitfalls identified by the High Court.

Mar 6, 2024 | yourstory.com | Byju Raveendran |Byju's Alpha

Stories & MediaDiscoverKnowledge BaseEventsMore EdtechBYJU'S said that based on receipt of advice from counsel, recently those funds have been transferred from Inspilearn to a non-US-based 100% subsidiary of BYJU'S. Wednesday March 06, 2024,3 min ReadDispelling charges of siphoning off funds, edtech major BYJU'S on Tuesday said the proceeds from disputed $1.2 billion Term Loan B are lying with its non-US based wholly-owned subsidiary.

Feb 2, 2024 | 15minutenews.com | Byju's Alpha

Wall Street Journal - 3 Feb 2024 02:40Once valued at $22 billion, Byju's faced difficulties postpandemic as students returned to schools. Lenders controlling the U.S. shell entity required it to seek bankruptcy protection as a condition of funding.

Feb 2, 2024 | thespuzz.com | Byju's Alpha

Credit SourceThe lenders required the company to file bankruptcy before they would continue funding Byju’s Alpha, A unit of Byju’s, once one of India’s hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt. Byju’s Alpha Inc. doesn’t have enough money to keep fighting with its parent company about the debt, according to court papers filed by the unit’s Chief Executive Officer Timothy Pohl.

Feb 1, 2024 | ndtv.com | Byju's Alpha |Steven Church |Jeremy Hill

A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt. Byju's Alpha Inc. doesn't have enough money to keep fighting with its parent company about the debt, according to court papers filed by the unit's Chief Executive Officer Timothy Pohl.