NCLT Bengaluru issues notice to Byju's on insolvency plea by international lender

A US-based lending company submitted today that Byju's had defaulted in payment of over ₹8,000 crore.

The National Company Law Tribunal (NCLT) at Bengaluru today issued notice on a petition filed by international lender Glas Trust LLC, seeking the initiation of insolvency proceedings against Think & Learn Pvt Ltd, the parent company of edu-tech startup Byju's.

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