Byju’s bankruptcy: Tribunal defers decision on plea by edtech firm’s US lender

Mumbai: The National Company Law Tribunal has deferred its decision on a plea filed by US-based lender Glas Trust Llc seeking a stay on further meetings of the committee of creditors appointed in the Byju’s insolvency case.

A representative for Glas Trust, which has extended a $1.2-billion Term Loan B to the Bengaluru-based edtech company, was on Tuesday supposedly ousted from the committee of creditors by Byju’s insolvency resolution professional, Pankaj Srivastava.