Byju’s sues ‘predatory’ lenders

byju's, india, New York, Venture / By

Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of the $1.2 billion term loan B, calling their demands for prepayment of the entire amount “high-handed,” and sought to disqualify Redwood, who it alleges has conducted a series of predatory tactics. The Bengaluru-headquartered startup said Redwood purchased …

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