Glas Trust, a U.S.-based creditor of Bengaluru-based edtech company, on Tuesday, told the Supreme Court that it had been falsely removed from the Committee of Creditors.
U.S. court in Delaware, on Tuesday, ordered involuntary Chapter 11 bankruptcy proceedings against BYJU's units: Neuron Fuel Inc., Epic! Creations Inc., and Tangible Play Inc.
Qatar Investment Authority (QIA) which invested in India's former edtech unicorn Byju's in 2019 is now taking legal action against the company amid insolvency.
Byju's has reportedly sent a legal notice to Aakash following their alleged resistance to complete the share swap that was agreed upon acquisition deal in 2021.
