SC Notice To GLAS Trust, IRPs On Plea By BYJU’S Promoters

SC issues notice to GLAS Trust, IRPs on Byju’s promoters’ plea, escalating the edtech giant’s insolvency battle. The Supreme Court has issued notices to GLAS Trust (a consortium of US lenders) and the Interim Resolution Professionals (IRPs) in response to a plea by Byju's promoters. The notices relate to Byju's ongoing legal troubles, including a dispute with the BCCI over a ₹158 crore settlement and the Corporate Insolvency Resolution Process (CIRP). This move by the Supreme Court escalates the complex insolvency battle surrounding the edtech giant, bringing the various legal and financial challenges under the apex court's scrutiny.