Byju’s insolvency: Riju Raveendran moves NCLT seeking inclusion in case

Riju Raveendran, the largest shareholder of the insolvent edtech firm Byju’s and brother of its founder Byju Raveendran, approached the insolvency tribunal in Bengaluru on Monday, seeking inclusion in the insolvency case. However, the tribunal expressed apprehension about including him in the proceedings.

Riju’s lawyer pleaded before the tribunal to allow him to defend himself against allegations made by Byju’s lenders, particularly the US-based lender Glas Trust, regarding the source of the Rs 158 crore initially paid to the Board of Control for Cricket in India (BCCI) to settle its dues.