India's top court revives insolvency proceedings against embatted edtech Byju's

India's top court revives insolvency proceedings against embatted edtech Byju's

FILE PHOTO: Advertising hoardings of Byju's, an education technology company and one of India's biggest startups, pictured outside a branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo

India‘s top court on Wednesday revived insolvency proceedings against Byju’s by putting a previous tribunal order on hold, in a victory for U.S. lenders that say they are owed $1 billion by the education technology company.