New Delhi: Riju Raveendran, the largest shareholder of edtech company Byju’s and brother of founder Byju Raveendran, approached the insolvency tribunal on Monday, seeking to be included in the insolvency case deliberations involving the troubled firm, its lenders and the cricket board.
Riju Raveendran’s counsel urged the tribunal to allow him to present his defence against allegations made by Byju’s lenders, particularly Glas Trust, regarding the source of the ₹158 crore he raised to settle the dispute between Byju and the Board of Control for Cricket in India (BCCI).
The lenders had alleged that the ₹158 crore used to settle dues with the BCCI were sourced through round-tripping and were “tainted”.
However, the NCLT bench…
