Byju's, once a prominent player in the online education sector, is facing significant financial challenges as it battles insolvency. The company is embroiled in a legal dispute with US lenders over $1 billion in unpaid dues. A hedge fund manager associated with Byju's is accused of concealing $533 million from lenders and now has only $3,000 left to defend himself in a lawsuit. The situation has led to unrest among Byju's 27,000 employees, many of whom have not been paid for three months and are considering protests or legal action. The Supreme Court, during a hearing, has declined Byju's and BCCI's plea to halt the meeting of the Committee of Creditors, allowing insolvency proceedings to continue.