Byju’s defence in NCLT; deep dive into quick-commerce play

The Bengaluru bench of NCLT asked the petitioner – Glas Trust Company LLC – to issue a notice to Byju's for defaulting on payment of the $1.2-billion term loan B it had guaranteed for its US subsidiary Alpha Inc. It also gave Byju’s parent Think & Learn three weeks to file its objections to the petition filed by Glas Trust.
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