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Byju’s Alpha unit files for chapter 11 bankruptcy in Delaware
short by Usha Kunji / on Friday, 2 February, 2024
A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt.Byju's Alpha Inc. doesn't have enough money to keep fighting with its parent company about debt, according to court papers filed by the unit's CEO
read more at NDTV Profit