{"id":840595,"date":"2024-08-03T09:22:36","date_gmt":"2024-08-03T03:52:36","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840595"},"modified":"2024-08-03T09:49:38","modified_gmt":"2024-08-03T04:19:38","slug":"byjus-lender-asks-court-not-to-quash-insolvency-proceedings-against-firm","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/03\/byjus-lender-asks-court-not-to-quash-insolvency-proceedings-against-firm\/","title":{"rendered":"Byju&#8217;s lender asks court not to quash insolvency proceedings against firm"},"content":{"rendered":"<p>US-based Glas Trust is asking an Indian court to not quash insolvency proceedings for ed-tech giant Byju&#8217;s as lenders the trust represents are owed $1 billion, posing a new challenge for the Indian startup that was once the nation&#8217;s biggest. <\/p>\n<p>Byju&#8217;s was valued at $22 billion in 2022 before being hit with many setbacks including boardroom exits, an auditor resignation and a public spat with foreign investors over mismanagement. The company has denied any wrongdoing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-based Glas Trust is asking an Indian court to not quash insolvency proceedings for ed-tech giant Byju&#8217;s as lenders the trust represents are owed $1 billion, posing a new challenge for the Indian startup that was once the nation&#8217;s biggest. Byju&#8217;s was valued at $22 billion in 2022 before being hit with many setbacks including boardroom exits, an auditor resignation and a public spat with foreign investors over mismanagement. The company has denied any wrongdoing.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-840595","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840595"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840595\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}