{"id":851654,"date":"2024-09-04T10:01:54","date_gmt":"2024-09-04T04:31:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=851654"},"modified":"2024-09-04T10:05:17","modified_gmt":"2024-09-04T04:35:17","slug":"court-official-excludes-us-lenders-from-byjus-creditors-committee-in-major-setback-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/04\/court-official-excludes-us-lenders-from-byjus-creditors-committee-in-major-setback-report\/","title":{"rendered":"Court official excludes US lenders from Byju\u2019s creditors committee in major setback: Report"},"content":{"rendered":"<p>US lenders were kicked off an influential creditors committee by a court official in India, dealing the group a setback in their efforts to collect more than $1.2 billion from the troubled education tech company, Think &amp; Learn Pvt, which is known as Byju\u2019s. <\/p>\n<p>The decision by the official, who is overseeing an insolvency case against Byju\u2019s, means that the lenders didn\u2019t have a chance to vote on who should run the company while a plan to repay creditors is put together. The lenders accused the official \u2014 Byju\u2019s Interim Resolution Professional Pankaj Srivastava \u2014 of \u201csecretly plotting to reject\u201d their claims and of manipulating the creditors vote by excluding them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US lenders were kicked off an influential creditors committee by a court official in India, dealing the group a setback in their efforts to collect more than $1.2 billion from the troubled education tech company, Think &amp; Learn Pvt, which is known as Byju\u2019s. The decision by the official, who is overseeing an insolvency case against Byju\u2019s, means that the lenders didn\u2019t have a chance to vote on who should run the company while a plan to repay creditors is put together. The lenders accused the official \u2014 Byju\u2019s Interim Resolution Professional Pankaj Srivastava \u2014 of \u201csecretly plotting to reject\u201d [&hellip;]<\/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":[55,13,4],"tags":[],"class_list":["post-851654","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/851654","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=851654"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/851654\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=851654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=851654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=851654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}