Byju’s US Units Should Be Run by Trustee, Bankruptcy Judge Says

Byju’s US units should be controlled by a court-approved trustee, a US judge ruled, setting up a potential conflict with the insolvency professional running the parent company in India, where the education technology firm is based.

• In an order filed Monday, US Bankruptcy Judge Brendan Shannon asked the Office of the US Trustee, which monitors corporate bankruptcy cases, to appoint a manager to take control of Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc.
• Shannon’s decision came despite a plea from Indian insolvency official Pankaj Srivastava that the US judge take no action in the bankruptcy ...