Indian Startup Byju’s Accuses Lenders of Extortion in Debt Fight

The logo for the BYJU’S learning application, developed by Think and Learn Pvt., arranged in Mumbai, India on Wednesday, June 7, 2023. One of India’s hottest tech companies, Byju’s, asked a New York court to intervene in its dispute with lenders owed more than $1 billion, claiming a group of distressed-debt investors manufactured a fake debt crisis to extort money from the education-technology firm. Photographer: Dhiraj Singh/Bloomberg