US lenders of Byju’s approach court to put more subsidiaries in bankruptcy: Report

Creditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc. on June 6. All three were once affiliated with Byju’s Alpha, a unit of the startup that was put into bankruptcy earlier this year after defaulting on a $1.2 billion loan. Read The Rest at :