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Byju Raveendran alleges baseless claims by GLAS trust counsel
The Business Guardian
|July 20, 2025
In a series of posts the founder of embattled ed tech firm BYJU's, Byju Raveendran, has claimed that the counsel for GLAS trust has made unsubstantiated allegations against him during proceedings in a US Court in Delaware.
Glas Trust is the trustee representing lenders.
In a post on X Byju Raveendran alleged, "Shocking revelations from Delaware court transcripts! GLAS counsel Ravi Shankar is at it again, lying to sway orders. He is peddling "reports" that I'm negotiating with high-ranking Indian officials for "substantial payments" - pure fiction, no evidence presented. This in a Court case where I am not even a party to defend myself!"
"Highlight from the transcript: Shankar claims these "reports" suggest private/unofficial deals to resolve FEMA disputes. NO PROOF, JUST SMEARS! These FEMA probes were against TLPL-controlled now illegally by GLAS represented by Ravi Shankar as 99% of the COC! Why will I," the second post read.
This story is from the July 20, 2025 edition of The Business Guardian.
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