Byju’s insolvency: US lenders’ rep Glas Trust claim denied by resolution professional

Edtech firm Byju’s insolvency resolution professional has removed the company’s $1.2-billion Term Loan B lenders’ representative Glas Trust from the committee of creditors, according to sources.

The lenders have alleged that the move is unlawful and Byju’s insolvency resolution professional (IRP) has been secretly plotting against the $1.35-billion claim of US lenders against the beleaguered ed-tech firm.