Saturday, September 7, 2024

Tax authorities seek $101 million in Byju's insolvency process

Backed by General Atlantic, Byju's was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering the company's insolvency that led to an assets freeze.

from Tech-Economic Times https://ift.tt/QOp1quc

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