{"id":860114,"date":"2024-09-26T09:38:13","date_gmt":"2024-09-26T04:08:13","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=860114"},"modified":"2024-09-26T09:39:21","modified_gmt":"2024-09-26T04:09:21","slug":"us-court-confirms-byjus-loan-default","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/26\/us-court-confirms-byjus-loan-default\/","title":{"rendered":"US court confirms Byju\u2019s loan default"},"content":{"rendered":"<p>US lenders on Tuesday said that the Delaware Supreme Court ruling has affirmed that Byju\u2019s defaulted on Term Loan B while the edtech firm asserted that it has no impact on legal proceedings going on in India.<\/p>\n<p>Byju\u2019s US-based lenders on Tuesday said the Delaware Supreme Court (SC) in its September 23 order affirmed the previous ruling by the Delaware Court of Chancery and said an event of default had occurred under the credit agreement and entitled Byju\u2019s lenders and their administrative agent, GLAS Trust, for action against the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US lenders on Tuesday said that the Delaware Supreme Court ruling has affirmed that Byju\u2019s defaulted on Term Loan B while the edtech firm asserted that it has no impact on legal proceedings going on in India. Byju\u2019s US-based lenders on Tuesday said the Delaware Supreme Court (SC) in its September 23 order affirmed the previous ruling by the Delaware Court of Chancery and said an event of default had occurred under the credit agreement and entitled Byju\u2019s lenders and their administrative agent, GLAS Trust, for action against the company.<\/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":[83,4,22],"tags":[],"class_list":["post-860114","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/860114","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=860114"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/860114\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=860114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=860114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=860114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}