Foreign investors in Indian education technology company Byju’s, including General Atlantic, have urged the country’s Supreme Court to hear their concerns as judges decide on the future of the company which is undergoing insolvency, a legal filing shows. Once a darling of global investors, valued at $22 billion in 2022, Byju’s became popular by offering online training courses during the COVID-19 pandemic, but is now locked in a dispute with U.S. lenders seeking $1 billion in unpaid dues – a case that has triggered its insolvency.
In an Aug. 25 filing, which is not public but was seen by Reuters, General Atlantic, Prosus, Peak XV (previously known as Sequoia Capital) and Sofina told the court they “wish to present grounds pertaining to…
