Indian tribunal reinstates US lenders in Byju’s case
Tech in Asia·2025-01-30 13:00
The National Company Law Tribunal (NCLT) has allowed US lenders Glas Trust Company and Aditya Birla Finance to rejoin the creditors’ committee overseeing edtech firm Byju’s insolvency proceedings.
This decision removed Pankaj Srivastava, the bankruptcy administrator, who had previously excluded Glas Trust due to its involvement in a related US case.
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