Byju’s lenders accused of using bogus loan-default claims to gain control

By Jef Feeley and Reshmi Basu Lenders to one of India’s hottest tech startups, Byju’s, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education-technology provider, the firm’s lawyer told a judge.   The distressed-debt lenders are “playing hardball” to create… Continue reading Byju’s lenders accused of using bogus loan-default claims to gain control