Horrible Edtec Company, which is under financial crisis, is preparing to file a case of over $ 2.5 billion against the Glass Trust and some others for the damage and business damage of the Divya Gokulnath Company. His lawyer gave this information in a statement on Thursday. According to the statement, Bayju Ravindran is preparing to sue the Glass Trust and others abroad as well as abroad.
Bayju’s founder has many rights safe
“Byju’s founder reserves all the rights to take action against all the parties that have reserved all the rights to take action against all the parties that have damaged them personally and their business. In our view, the behavior of Alpha, Glass Trust and his lawyer before the courts has been condemnable and wrong. We protect the right to use all legal means to provide justice to the founders of Bayju.
Byju is facing insolvency action after the appeal of Glass Trust
The lawyer said that claims have already been made in India against Think and Learn’s former subsidiary company Glass Trust. McCant said, “Additional claims are being prepared against those parties in other courts. Such claims filed by all or some founders of Bayju may demand at least $ 2.5 billion economic compensation.
Glass Trust owes $ 1.2 billion on Bayju
Let us tell you that Riju Rabindran, a co-founder and former promoter of Think & Learn, had last month approached the NCLT to remove the Glass Trust from the Committee of Lenders (COC) as a financial creditor. Rizu Ravindran, in his petition, accused the Glass Trust of presenting himself as a financial creditor from ‘deception’. Let us tell you that Bayju owes $ 1.2 billion of the American company Glass Trust Company.
With PTI inputs
Latest business news
