Byju’s foreign investors move Supreme Court over concerns of mismanagement amid insolvency row
By
Isha Sharma
Foreign investors in Byju’s, including General Atlantic, have urged the Supreme Court to hear their concerns as judges decide on the future of the insolvent education tech firm, a legal filing shows.
Valued at $22 billion in 2022, Byju’s became popular by offering online training courses during the Covid-19 pandemic, but is now locked in a dispute with US lenders seeking $1 billion in unpaid dues — a case that has triggered its insolvency.