BYJU’S Insolvency: Now, Investors General Atlantic, Peak XV & Others Move SC

BYJU’S Insolvency: Now, Investors General Atlantic, Peak XV & Others Move SC

SUMMARY

General Atlantic, Peak XV Partners, Sofina SA, and MIH Edtech Investments are among the investors of BYJU’S which have knocked on the doors of the SC

Aforementioned investors are seeking the court’s permission to address issues of mismanagement, alleged fund syphoning, financial irregularities, among others

Solicitor General of India Tushar Mehta, appearing for the Board of Control for Cricket in India (BCCI), and Byju Raveendran have sought an early hearing of the matter

Investors of embattled edtech giant BYJU’S have moved the Supreme Court (SC), which is hearing a plea filed by a consortium of the company’s US-based lenders regarding insolvency proceedings, to intervene in the case so that they can put forward their concerns. 

General Atlantic, Peak XV Partners, Sofina SA, and MIH Edtech Investments are among the investors of BYJU’S which have knocked on the doors of the SC, CNBC-TV18 reported.

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