They collectively own over 85% of Byju’s $1.1 billion term loan. Edtech firm Byju’s had filed a complaint in the New York Supreme Court to challenge the acceleration of the $ 1.2 billion TLB (Term Loan B) and also sought to disqualify Redwood, an investment management firm.
The edtech firm has elected not to make any further payments on a $1.2 billion TLB, including any interest until the dispute with lenders is decided by the court. The company skipped $40 million interest on the loan.
Esta historia es de la edición June 10, 2023 de The Morning Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 10, 2023 de The Morning Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Bajrang's provisional suspension revoked
IN a fresh twist, Bajrang Punia's provisional suspension for allegedly refusing to submit a urine sample during the Olympic wrestling trials organised by the now-defunct ad hoc committee was revoked by the National Anti-Doping Agency's Anti-Doping Disciplinary Panel.
SOUTH AFRICA WIN IN NY BUT CONDITIONS APPLY
On a two-paced wicket, Proteas pacers run through Lankan line-up
Mother Dairy, Amul raise prices to offset costs
AMID heat stress, even leading dairy companies are facing low milk supplies, which is forcing them to increase prices.
At least 10 killed in Sri Lankan mudslides, floods, schools shut
SRI Lanka closed schools on Monday as heavy rain triggered floods and mudslides in many parts of the island nation, leaving at least 10 people dead and six others missing, officials said.
First woman to become Mexico prez in 200 yrs
Claudia Sheinbaum takes office on Oct 1, has to tackle pressing gender-related issues
Central forces to stay in violence-hit Bengal till June 19 as situation tense
Section 144 imposed in 17 pockets of Sandeshkhali, additional security personnel deployed
NIA files chargesheet on Delhi-Padgha IS module
THE National Investigation Agency has filed a charge sheet against 17 agents of the proscribed global terrorist network in a conspiracy involving the recruitment and radicalization of youth and the fabrication of improvised explosive devices in the Delhi-Padgha (Maharashtra) ISIS terror module case, officials said on Monday.
Israel says it prefers Indian beaches after Maldives ban
A day after the Maldives decided to ban Israeli passport holders from entering their country due to the situation in Gaza, the Israeli Embassy in India on Monday stated that they prefer visiting beach destinations in India such as Goa, the Andaman and Nicobar Islands, Kerala, and Lakshadweep instead of the Maldives.
Nitish meets Modi for a 'courtesy call'
AHEAD of the counting of votes for the Lok Sabha polls, Bihar Chief Minister Nitish Kumar met Prime Minister Narendra Modi on Monday. However, there was no official word on the details of the meeting.
36-yr-old bike mechanic BTech student wins patent for designing automatic rifle
JAYESH Natarajan, a native of Nagaroor in Thiruvananthapuram, juggles many hats with ease. During the day time, the 36-year-old repairs twowheelers at his workshop.
