Byju's to file $2.5-bn suit against Glas Trust

BYJU'S FOUNDER BYJU Raveendran is preparing to file a $2.5-billion damages claim, alongside new evidence in a US court that he says disproves GLAS Trust’s allegations that $533 million in ‘Alpha Funds’ was diverted by the company’s founders.

- PRESS TRUST OF INDIA

A US bankruptcy court had, in a default ruling last week, ordered Raveendran to pay more than $1 billion, saying that the former corporate star, who set up the domestic edtech and tutoring co