{"id":859302,"date":"2024-09-25T07:32:08","date_gmt":"2024-09-25T02:02:08","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=859302"},"modified":"2024-09-25T07:37:47","modified_gmt":"2024-09-25T02:07:47","slug":"edtech-company-byjus-in-default-of-1-5-bn-loan-affirms-delaware-sc","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/25\/edtech-company-byjus-in-default-of-1-5-bn-loan-affirms-delaware-sc\/","title":{"rendered":"Edtech company Byju&#8217;s in default of $1.5 bn loan, affirms Delaware SC"},"content":{"rendered":"<p>The Supreme Court (SC) of Delaware has affirmed that Indian edtech company Byju\u2019s has defaulted on a $1.5 billion loan, enabling lenders to \u201cexercise remedies\u201d. <\/p>\n<p>The ruling on September 23 permits lenders to take control of Byju\u2019s assets in the United States, primarily Byju&#8217;s Alpha, and demand full repayment. Timothy Pohl has been appointed as the sole director of Byju&#8217;s Alpha for this purpose.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court (SC) of Delaware has affirmed that Indian edtech company Byju\u2019s has defaulted on a $1.5 billion loan, enabling lenders to \u201cexercise remedies\u201d. The ruling on September 23 permits lenders to take control of Byju\u2019s assets in the United States, primarily Byju&#8217;s Alpha, and demand full repayment. Timothy Pohl has been appointed as the sole director of Byju&#8217;s Alpha for this purpose.<\/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-859302","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\/859302","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=859302"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/859302\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=859302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=859302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=859302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}