Indian Supreme Court revives insolvency proceedings against Byju's, overturning a tribunal order.

The Indian Supreme Court revived insolvency proceedings against edtech company Byju's, overriding a previous tribunal order. This comes after U.S.-based Glas Trust, representing some creditors of a Byju's group company, filed an appeal against the appeals tribunal's verdict. Byju's had faced financial setbacks and controversies in recent years, including allegations of mismanagement.

August 14, 2024
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