Sun Sep 15 15:06:56 UTC 2024: ## BYJU’S Claims Wrongful Acceleration of Loan by Lenders
**Bangalore, India – September 15, 2024** – Edtech giant BYJU’S has accused lenders represented by Glas Trust of wrongfully accelerating a loan that was not due until November 2026. The company claims the lenders prematurely demanded repayment in March 2023, despite the loan agreement specifying a later maturity date.
This allegation comes amidst ongoing financial struggles for BYJU’S, who have been facing pressure from creditors and investors. The company has been actively restructuring its debt and seeking to raise capital to address its financial challenges.
The dispute between BYJU’S and its lenders is expected to further complicate the company’s already turbulent financial situation. It remains to be seen how this legal battle will play out and impact the future of the edtech giant.
First Piper 