Now, Glas Trust Drags BYJU’S Resolution Professional To Supreme Court

Now, Glas Trust Drags BYJU’S Resolution Professional To Supreme Court

SUMMARY

Glas Trust has challenged its removal from BYJU’S committee of creditors. Besides, it is also seeking the removal of resolution professional Pankaj Srivastava

Glas Trust was removed from the CoC shortly after its first meeting on September 3

Last week, Aditya Birla Finance also moved the NCLT against Srivastava, alleging that he committed fraud by wrongfully labelling it as an ‘operational creditor’ instead of a ‘financial creditor’

The consortium of BYJU’S US-based lenders, Glas Trust LLC, has moved the Supreme Court against the troubled edtech giant’s insolvency resolution professional, Pankaj Srivastava.

Glas Trust has challenged its removal from BYJU’S committee of creditors (CoC). Besides, it is also seeking the removal of Srivastava.

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