This story is from February 03, 2024
US subsidiary files for bankruptcy
MUMBAI: Byju’s US subsidiary Alpha has filed for bankruptcy in a US court after it defaulted on a $1.2-billion debt. According to a website, the Chapter 11 petition (a type of bankruptcy filed by companies which involves a reorganisation of their assets) was filed on Feb 1.
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Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning.
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