Broadcast United

Indian court orders stay on Byju’s bankruptcy proceedings

Broadcast United News Desk
Indian court orders stay on Byju’s bankruptcy proceedings

[ad_1]

New Delhi: An Indian appellate court on Friday ordered a stay on bankruptcy proceedings against troubled education startup Byju’s, days after the startup settled a $19 million payment dispute case with the country’s cricket board.

The order allows the two sides to settle and brings temporary relief to what was once India’s largest startup but has been plagued by board exits, battles with investors and a plunging valuation in recent years.

[ad_2]

Source link

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *