Byju Raveendran, founder of Byju's, has filed a FIR against Pankaj Srivastava, the former resolution professional (RP) of Think & Learn, Glas Trust, and some EY employees.
The FIR is in response to allegations of a criminal conspiracy against Byju's, with Raveendran claiming that the insolvency process was illegally handed over to EY agents of GLAS.
Byju's is currently facing financial struggles and legal disputes, including mounting debts and concerns over the ruling by National Company Law Tribunal (NCLT) in favor of lenders controlling the company's financial decisions.
Glas Trust has denied the allegations, calling them baseless and fabricated, and accusing Raveendran of deflecting responsibility.