BYJU’S Riju Ravindran Asks NCLT To Eject US Lenders

The suspended BYJU’S director and promoter has alleged in his petition that the US-based lender group fraudulently represented itself to become a financial creditor in the insolvency proceedings

Cofounder Byju Raveendran has also alleged that the GLAS Trust, which is a consortium of the $1.2 Bn Term Loan B (TLB) lenders of the company, created a narrative to take control of BYJU’S

GLAS Trust won a conviction in the US after suing BYJU’S for allegedly moving funds from its US accounts to other companies in contravention of the…