"Ready To Pay Back Lenders Before Taking A Single Rupee Out": Byju's Founder
NDTV
Byju Raveendran also said lenders will not get any money if the process of insolvency against the company continues.
Byju Raveendran, the founder of troubled edtech firm Byju's, on Thursday said that he is willing to pay back all the money owed to lenders if they are willing to work with him.
During a two-and-a-half-hour call with the media, Mr Raveendran said lenders will not get any money if the process of insolvency against the company continues.
"If they are willing to work with me, I am willing to give them money back before I take a single rupee out. We paid $140 million but they wanted the entire $1.2 billion which we had already committed or invested by then. There is no way we could have given them back for a long time. Most lenders wanted to settle but one or two wanted to make a killing out of it," Mr Raveendran said.
