Byju’s Alpha unit files for Chapter 11 bankruptcy in Delaware

Byju’s Alpha unit files for Chapter 11 bankruptcy in Delaware

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 the debt, according to court … Read more