EY-backed RP sues Byju’s Dubai-based marketing agent for Rs 1,597 crore

The resolution professional (RP) of Think and Learn, an insolvent company which houses the Byju’s brand of products, has filed a Rs. 1,597 crore lawsuit against a Dubai-based marketing agent that dealt in the company’s products in that jurisdiction, according to people familiar with the matter. The lawsuit was filed at India’s National Company Law Tribunal (NCLT).

Think and Learn’s insolvency proceedings at NCLT are ongoing at the behest of GLAS Trust, a custodian claiming to represent an aggrieved set of international lenders.