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Riju Raveendran moves NCLT
Mint Mumbai
|December 03, 2024
Raveendran seeks to defend his stand on the source of the ₹158 crore raised to settle Byju's dispute with BCCI
Riju Raveendran, the largest shareholder of troubled edtech company Byju's and brother of the founder, Byju Raveendran, has approached the insolvency tribunal on Monday, seeking to be included in the bankruptcy case deliberations involving Byju's, its lenders and the Indian cricket board.
Riju Raveendran's counsel urged the National Company Law Tribunal (NCLT) to allow him to present his defence against allegations made by Byju's lenders, particularly Glas Trust, regarding the source of the ₹158 crore he raised to settle the dispute between Byju's and the Board of Control for Cricket in India (BCCI).
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