Byju's US lenders dropped from creditor committee

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.

Sep 4, 2024 - 06:30
Byju's US lenders dropped from creditor committee

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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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