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BYJU’S IRP Ousts Glas Trust From Committee Of Creditors

BYJU’S IRP Ousts Glas Trust From Committee Of Creditors

IRP Pankaj Srivastava has decided to replace Glas Trust as the representative of lenders in the consortium providing a $1.2 billion TLB loan to BYJU'S. Glas Trust has subsequently filed a plea to remove Srivastava as the IRP. This situation adds to BYJU'S challenges as it faces insolvency proceedings, financial difficulties, staff layoffs, losses, and conflicts with investors.

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