Saturday, 6 April, 2024

Ranjan Pai Initiates Arbitration Against Byju's for Unsettled Loans

Entrepreneur Ranjan Pai has initiated arbitration proceedings against Byju's, alleging non-repayment of loans amounting to $42 million. This move highlights the financial disputes emerging between prominent figures and leading startups in India's burgeoning tech ecosystem. The arbitration process will seek resolution for the outstanding loan amounts and could impact Byju's financial standing.