Byju’s founder, Byju Raveendran, alleged misconduct in the firm’s insolvency proceedings through a public appeal on LinkedIn. He later deleted the post a few hours after publishing it. Raveendran expressed his determination to prevent the company froiuof anything.”
He further alleged the existence of “conclusive evidence of criminal collusion” between EY India, GLAS Trust, and the interim resolution professional (IRP) handling the case. GLAS Trust Company serves as the administrative agent appointed by a group of Byju’s lenders. Raveendran urged authorities to investigate these claims, arguing that the insolvency process harmed Byju’s rather than preserving its value. He invited former and current employees to join…
