BYJU'S US lenders move SC over removal from creditors' committee

Mansi Agarwal, Published on Sep 17th, 2024

BYJU'S US lenders move SC over removal from creditors' committee

Glas Trust Company, a trustee for BYJU'S US lenders, has moved the Supreme Court over its removal from the committee of creditors (CoC) by the interim resolution professional (IRP). "[Glas Trust's] stake is 99.41% and this has been reduced to zero by the IRP," the company's advocate Kapil Sibal said. Glas Trust seeks a stay on CoC's proceedings.

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