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The founders of Byju, Byju Ravendran and Divya Gokulnath, are preparing to present legal claims exceeding $ 2.5 billion against Glas Trust Company LLC and other entities, both in India and abroad, claiming damage to their personal and commercial reputation. The measure is produced in the middle of a high -risk corporate battle on the future of the firm Edtech Think & Learn, which has the Byju brand.
In a statement issued through the Lázareff Le Bars Eurl Lzareff Advisor, the senior lawyer J Michael McNutt said: “The founders of Byju reserve all the rights to bring actions against those parties that have caused them personally damage and their businesses, including Think & Learn. The conduct before the courts of Alpha, Glas Trust and his lawyer have been rebuked and improper view.
According to MCNUTT, additional claims are being prepared in other jurisdictions, and the requested monetary damage is “no less than USD 2.5 billion.” He added: “These statements will be issued by all or some of the founders of Byju who request monetary damage of not less than USD 2.5 billion.”
Glas Trust is the administrator of the lenders to whom Byju must $ 1.2 billion under a term loan center. The company has presented multiple legal procedures against Edtech and its founders, including insolvency requests and a civil demand in Delaware, USA.
The founders of Byju claim that Glas Trust has only 17.38% of the vote rights of the Consortium of Penters. “Byju actively participates in a procedure of the Delaware Court initiated in early April 2025 against him by the Glas Trust Banking Subsidiary,” said the lawyer, added: “Byju strongly denies all accusations against him in those procedures and defends himself in those procedures.”
The Delaware Court recently issued a civil contempt order dated July 7, 2025, which Byju is a challenge. “This civil contempt order refers to information requests that are already duplicate of matters before the Indian courts,” said the lawyer. “Byju and his lawyer are evaluating how to address that order and reserve all rights.”
The demand is also derived from a separate case presented by Byju’s Alpha, a special purpose -based vehicle in the US. being disputed by the founders.
McNutt also clarified: “There is no court order in any jurisdiction, even in India or the United States, ordering the payment by Byju or Gokulnath of any amount to think and learn, or any entity related to Think & Learn.”
The legal confrontation continues even when the Supreme Court of India has allowed the case of insolvency to continue, reversing an earlier dismissal by the Court of Appeal of the National Law of the Company (NCLAT) in a separate statement presented by BCCI.
(With PTI inputs)
