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GLAS TRUST
Riju moves NCLT against TLPL's CCD agreement with Glas subsidiaryThe agreement was inked to raise finance to participate in the ongoing rights issue of Aakash Educational Service Pvt Ltd (AESL) after Glas...16 Nov, 2025, 04.22 PM IST- Supreme Court rejects Glas Trust, Byju’s RP pleas against Aakash rights issueThink and Learn is not allowed to participate in the issuance of new shares, as it is currently facing insolvency proceedings. Glas Trust h...03 Nov, 2025, 08.38 PM IST
- SC junks GLAS Trust plea, clears Aakash rights issue cutting Byju’s stake to under 5%The Supreme Court has dismissed GLAS Trust Co. LLC's appeal against Aakash Educational Services' rights issue. This decision allows the rig...03 Nov, 2025, 03.27 PM IST
- SC to hear Glas Trust's plea against Aakash Rights issueOn Monday, the Supreme Court will review a petition submitted by Glas Trust, which takes issue with Aakash Educational Services' proposed r...01 Nov, 2025, 12.16 AM IST
- Byju's founders' threat of defamation case an attempt to distract from facts: Glas TrustGlas Trust alleges Byju's founders are attempting to deflect attention from legal setbacks with a defamation suit threat. This follows cour...19 Jul, 2025, 05.38 PM IST
- Riju Ravindran moves NCLT, alleges GLAS Trust has no authorisation to represent its US-based lendersIn his petition, Ravindran has alleged that GLAS Trust has "fraudulently represented itself to be a financial creditor" and has requested t...05 Jun, 2025, 07.54 PM IST
- US lenders’ representative Glas Trust rejects Byju Raveendran’s allegations of fraud, collusionGlas Trust, representing US lenders of $1.2 billion to Byju's, denied allegations of collusion and fraud by founder Byju Raveendran, callin...10 Apr, 2025, 12.30 PM IST
- “I am not a flower; I am the fire”: Byju Raveendran replies Pushpa Raj style after filing FIR against resolution professional, EY partnersByju Raveendran has filed a First Information Report. The FIR names Pankaj Srivastava, Glas Trust, and some EY employees. Raveendran allege...09 Apr, 2025, 10.30 AM IST
- Glas Trust approaches NCLAT seeking to be heard in Aakash caseGlas Trust, representing Byju’s US lenders, seeks an NCLAT hearing on Aakash Institute’s governance changes. Despite Blackstone withdrawing...11 Mar, 2025, 05.59 PM IST
- Byju's legal battles: US court ruling, new RP and whistleblower claimsThe US Bankruptcy Court found Byju’s suspended director, Riju Ravindran, founder Byju Raveendran, hedge fund Camshaft Capital Fund, and par...02 Mar, 2025, 11.22 AM IST
- Byju Raveendran seeks probe into alleged EY-Glas Trust collusionAccording to Raveendran, he and several employees of the bankrupt edtech firm received a document with conclusive evidence of criminal coll...01 Mar, 2025, 08.46 AM IST
- Aakash, Blackstone, Manipal Group oppose Glas Trust’s intervention in minority rights suitThe coaching operator urged the bench to reserve the order but the bench declined to do so.12 Feb, 2025, 07.50 PM IST
- Byju’s case: Glas Trust, Aditya Birla Finance inducted into CoCThe tribunal has also directed the CoC to submit their recommendation on the appointment of the resolution professional. Glas Trust had ear...29 Jan, 2025, 07.25 PM IST
- NCLT reserves ruling on Byju’s creditor appeals, BCCI insolvency petitionGlas Trust and Aditya Birla Finance were initially part of Byju's CoC. Later, when insolvency resolution professional Pankaj Srivastava rec...08 Jan, 2025, 06.30 PM IST
- Glas Trust moves SC to challenge removal from Byju's committee of creditorsSenior counsel Kapil Sibal, appearing for Glas Trust, which have claims of around Rs 11,500 crore, told a Bench led by Chief Justice DY Cha...18 Sep, 2024, 08.46 AM IST
- Byju's insolvency case: NCLT rejects US lenders' plea to stop CoC proceedingsThe Bengaluru bench of NCLT said it cannot stop the Committee of Creditors (CoC) meetings, as the apex court has allowed its constitution. ...04 Sep, 2024, 03.36 PM IST
- Byju’s US term-loan lenders get no seat in creditors’ committeeInsolvency resolution professional Pankaj Srivastava took this decision after concluding that Glas Trust does not represent the minimum 51%...03 Sep, 2024, 11.15 PM IST
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