Byju’s may not have to pay Glas Trust; verified claim is only Rs 20 cr: CEO

Think & Learn, which owns Byju’s may not have to pay any amount for the disputed $ 1.2-billion Term Loan B due the present “behaviour” of Glas Trust — an agency which is representing US-based lenders — Founder and CEO of the edtech major Byju Raveendran said.

In an interview to PTI, Raveendran said the verified debt claim on Byju’s as per the insolvency resolution professional (IRP) is now only Rs 20 crore.