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Byju’s must freeze $533 million in win for lenders, US judge says

IndiaTimes Friday, 15 March 2024
A US bankruptcy judge has ordered Indian technology company Think & Learn Pvt, operating as Byju's, to freeze $533 million. This directive serves to safeguard the funds for discontented lenders who argue that the money should exclusively be utilized for their repayment. While this decision by Judge John Dorsey offers partial relief to the lenders, it marks a significant move in their favor.
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