US lenders filed involuntary Chapter 11 cases against Byju’s subsidiaries Neuron Fuel Inc., Epic! Creations Inc., and Tangible Play Inc. accusing misappropriation of funds. Byju’s founder is accused of breaching debt agreements. Byju’s US lenders also sought to prevent the company from pledging, selling, or transferring its shares. Byju’s intends to contest the case.
