{"id":936772,"date":"2025-06-06T07:50:28","date_gmt":"2025-06-06T02:20:28","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=936772"},"modified":"2025-06-06T08:13:56","modified_gmt":"2025-06-06T02:43:56","slug":"byjus-riju-raveendran-moves-nclt-to-remove-glas-as-the-financial-creditor","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/06\/06\/byjus-riju-raveendran-moves-nclt-to-remove-glas-as-the-financial-creditor\/","title":{"rendered":"Byjus\u2019 Riju Raveendran moves NCLT to remove GLAS as the financial creditor"},"content":{"rendered":"<p>Riju Ravindran moved the National Company Law Tribunal on Thursday seeking removal of GLAS Trust as a financial creditor amid insolvency proceedings. The Byju\u2019s co-founder contended that the US-based firm had authority to represent merely 17.38% of the voting rights of the consortium of term loan providers \u2014 asking the NCLT to direct it to \u201cprove its authority to represent the creditors before it\u201d. The matter is scheduled for hearing before the Bengaluru bench of NCLT on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riju Ravindran moved the National Company Law Tribunal on Thursday seeking removal of GLAS Trust as a financial creditor amid insolvency proceedings. The Byju\u2019s co-founder contended that the US-based firm had authority to represent merely 17.38% of the voting rights of the consortium of term loan providers \u2014 asking the NCLT to direct it to \u201cprove its authority to represent the creditors before it\u201d. The matter is scheduled for hearing before the Bengaluru bench of NCLT on Friday.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-936772","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/936772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=936772"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/936772\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=936772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=936772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=936772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}