BYJU’S Cofounders’ Defamation Suit Meritless: Glas Trust

The consortium of the troubled edtech startup’s lenders also termed the move an “attempt to distract” from facts

Glas Trust alleged that judgments exceeding $533 Mn have been entered against Raveendran’s allies, “including for their fraudulent conduct”

This comes a day after cofounders said that they were planning to take legal action to seek damages worth $2.5 Bn from “parties” which have caused damage to them “personally and their businesses”

A day after cofounders of BYJU’S threatened to file a…