India, June 5 -- BYJU'S cofounder Byju Raveendran's brother and former director of the edtech Riju Ravindran has moved the National Company Law Tribunal (NCLT), seeking GLAS Trust's removal from the committee of the creditors (CoC).

This is the first official measure taken by Riju Ravindran to eject GLAS Trust from the insolvency proceedings, after Raveendran had alleged that the lenders were colluding with EY to disrupt the insolvency process. Raveendran also filed a challenge in the NCLT on the same lines in March 2025.

As per a report by PTI, the suspended BYJU'S director and promoter has alleged in his petition that the US-based lender group "fraudulently represented itself to be a financial creditor" and requested the NCLT to direc...