Riju Raveendran moves NCLAT against decision to reinstate 2 Byju’s lenders

Riju Raveendran, the largest shareholder in the cash-strapped edtech firm Byju’s, has moved the National Company Law Appellate Tribunal (NCLAT) challenging a decision to reinstate Glas Trust and Aditya Birla Finance as lenders of the edtech firm.

Riju, brother of founder Byju Raveendran, has challenged a January 29 order of the National Company Law Tribunal (NCLT).