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This story is from February 3, 2024

US subsidiary files for bankruptcy

TNN / Feb 3, 2024, 08:17 IST
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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 court website, the Chapter 11 petition (a type of bankruptcy filed by companies which involves a reorganisation of their assets and debt) was filed on Feb 1. tnn
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