US court declines to investigate Byju’s $500m fund transfer allegations

  • A Delaware court dismissed the request from Term Loan B lenders to investigate Byju’s suspect $500 million funds transfer.
  • Byju’s countersued in the New York Supreme Court, denying default accusations and claiming lenders’ attempts to challenge their contractual rights.
  • This news offers reprieve amidst Byju’s current issues including mass layoffs, board resignations, and auditor changes.
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