Judge Says Byju’s Official Broke Duty to Lenders by Hiding Cash
A top official of Indian tech firm Byju’s violated his fiduciary duty to lenders by wrongly hiding $533 million from them, according to a US court ruling Friday, a win for creditors vying to collect ...
inc4216h
BYJU’S Vs TLB Lenders: US Bankruptcy Court Rules In Favour Of Creditors
A US bankruptcy court has ruled in favour of the lenders of BYJU’S in connection with a case involving alleged fraudulent ...
JD Supra20h
What To Do When You Expect a Debtor Has Committed Bankruptcy Fraud
The U.S. bankruptcy system is generally an efficient mechanism for companies and individuals seeking to restructure their debts and obtain a ...
Nonconsensual Third-Party Releases Permitted in Bankruptcy Sale Under Debtor-Insurer Settlement
In an opinion issued on Jan. 24, 2025, on a motion for a stay pending appeal of the court’s decision that a Bankruptcy Code ...
JD Supra22h
Enforceability of Golden Directors with Bankruptcy Consent Right
The appointment of an independent director is a powerful tool for private credit lenders. The appointment is designed to introduce a voice ...