India, Nov. 28 -- BYJU'S founder Byju Raveendran plans to file a defamation lawsuit against the troubled edtech startup's consortium of lenders, Glas Trust, and the resolution professional (RP) in the next 30 days.

In a statement, Raveendran said that the suit will seek damages to the tune of $2.5 Bn from the two entities as well as other individuals who participated in a "coordinated conspiracy" against the founder.

The beleaguered founder also claimed that he possessed new evidence that disproved Glas Trust's allegations that $533 Mn worth of funds from the company's US subsidiary, BYJU'S Alpha, were diverted by the founders.

Raveendran claimed that the said evidence would be presented alongside a new motion before the Delaware Bankr...