The US court observed that there was an actual fraudulent transfer of $533 Mn to BYJU’S-owned entity Camshaft
The bankruptcy court also directed the lenders and BYJU’S to submit a “joint proposed order” on the quantum of damages
At the heart of all this is the $1.2 Bn TLB extended to the troubled edtech in 2021. The company defaulted on payments later on, forcing lenders to drag BYJU’S to the court
A US bankruptcy court has ruled in favour of the lenders of BYJU’S in connection with a case involving…

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