Byju's, however, defended its actions, asserting that it had not violated any credit agreement.
In November 2021, Byju's parent, Think & Learn Pvt Ltd, had secured a significant $1.2 billion term loan B deal from overseas lenders.
The conflict escalated due to the renegotiations over the interest rates and partial prepayment proposals that was triggered by a breach in covenants after Byju's failed to submit its financial statements for the financial year 2022 by September last year.
"An interim court order has asked to maintain "status quo in relation to Byju's Alpha," a Byju's spokesperson said.
Bu hikaye Mint Mumbai dergisinin May 20, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin May 20, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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