Kerala High Court hears heated arguments in Byju's insolvency case

The Kerala High Court convened a session to examine the insolvency petition filed against Byju's, the country's largest private tutoring platform. Creditors, including several financial institutions, argued that the company should be placed under liquidation to recover pending dues, while Byju's management contended that a restructuring plan would preserve jobs and the brand's educational services.

During the hearing, the court scrutinised the company's financial statements, noting a sharp decline in revenue after a rapid expansion phase and mounting debt obligations. Lawyers for the creditors highlighted alleged mismanagement and delayed payments to vendors, whereas Byju's counsel emphasized ongoing negotiations with potential investors to inject fresh capital.

The bench, presided over by Justice K. R. Sreejith, deferred a final decision, directing both parties to submit detailed repayment proposals within a stipulated timeframe. The outcome will determine whether Byju's assets are sold off or a restructuring scheme is approved, impacting thousands of employees and millions of students across India.