Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
27 May, 2026, 07.48 PM IST
From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
27 May, 2026, 11.33 AM IST
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
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’ consortium files lawsuit against Byju’s founder, othersMembers of a lending consortium have sued Byju Raveendran, his wife Divya Gokulnath, and Anita Kishore, alleging they misappropriated $533 ...
10 Apr, 2025, 02.48 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
Aakash Educational Services seeks investigation into Byju's insolvency proceedingsAakash Educational Services has approached the National Company Law Tribunal to investigate alleged discrepancies in the insolvency resolut...
25 Mar, 2025, 04.36 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
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
SC questions NCLAT verdict approving settlement of BCCI claim of Rs 158.9 crore by Byju'sThe bench, which will resume the hearing on Thursday, hinted that it send the case back to the insolvency appellate tribunal for fresh adju...
25 Sep, 2024, 10.32 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
US court nixed lenders’ plea opposing settlement with BCCI, claims Byju’sThe Delaware Bankruptcy Court dismissed Glas Trust Company’s request to halt Byju's settlement deal with BCCI. Byju’s regained control afte...
08 Aug, 2024, 07.53 PM IST