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2024

Byju's says US bankruptcy court dismissed lenders’ plea against its settlement with BCCI

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The Delaware Bankruptcy Court dismissed Glas Trust Company’s request to halt Byju's settlement deal with BCCI. Byju’s regained control after NCLAT’s approval. The settlement was funded by Riju Ravindran’s personal funds, not US lenders’ money. Glas Trust is expected to appeal the NCLAT order in India's Supreme Court.