India, July 19 -- A day after cofounders of BYJU'S threatened to file a defamation lawsuit against certain "parties", Glas Trust, a consortium of the troubled edtech startup's lenders, has reportedly termed the move an "attempt to distract" from the facts.

"Byju Raveendran's (BYJU'S cofounder) latest act of threatening defamation claims against Glas Trust and the term loan B (TLB) lenders is a transparent attempt to distract from the facts, coming on the heels of a US federal court holding him in contempt. The fact of the matter is that every court to consider the issues has ruled against Raveendran and his cohorts," Glas Trust said as per news agency PTI.

Not stopping there, Glas Trust also reportedly called Raveendran's "threats" of d...