Byju’s $1.2 billion bad loan just cost it a unit in the U.S.
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Introduction
This chapter discusses the ongoing issues faced by Paijuis, a company that has been featured multiple times on the podcast. It explains that Paijuis has been facing pressure from a group of creditors to repay a $1.2 billion loan, leading to a legal battle in which the lenders gained control of one of Paijuis' units. The chapter highlights Paijuis' financial mismanagement as a major factor in the creditors' lack of confidence.
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