Byju's, the embattled Indian ed-tech firm, has processed May 2024 salaries for all employees despite facing a severe funds crunch as of June 3. The company managed to make these payments using business collections. Concurrently, a group of creditors has filed petitions on June 5 to place several of Byju's US-based subsidiaries, including Epic, Tynker, and Osmo, into involuntary bankruptcy. The creditors, who are owed $1.2 billion in term loans, have filed 11 cases aiming to protect and maximize the value of Byju's US-based operating entities for the benefit of all stakeholders.