BYJU’S Faces Litigation from US Lenders Over Contract Dispute, Pushes Back Against Unreasonable Terms
BYJU’S, the education technology giant, is pushing back against its US lenders of Term Loan B (TLB) due to their “unrealistic and unacceptable terms.” The lenders have resorted to litigation to pressure BYJU’S into significantly changing the contract, which was previously agreed upon in 2021. Despite BYJU’S willingness to accept a higher interest rate and […]