This comes at a time when BYJU’s founders are fighting a bitter legal battle with its investors and other parties.
| Photo Credit:
Dado Ruvic
Founders of embattled edtech major BYJU’s are preparing legal action to seek at least $2.5 billion in damages from investors and lenders they blame for harming their business and personal standing.
The lawsuit is against the parties who the founders say contributed to the downfall of Think & Learn, BYJU’s parent company, during a prolonged dispute over control of the start-up. Some claims have already been filed in Indian courts against Glas Trust, a former subsidiary that now seeks control over parts of the business.
“BYJU’s Founders reserve all rights to bring actions against those parties that have caused damage to them personally and their businesses, including Think & Learn. The conduct before the Courts by Alpha, Glas Trust and its counsel has been reprehensible and improper in our view. We reserve the right to use all legal means to obtain justice for BYJU’s founders. Claims have already been raised in India against Glas Trust, the former subsidiary of Think & Learn, that Glas Trust now claims to control and other parties. Additional Claims are being prepared against those parties in other jurisdictions. Such claims to be issued by all or some of BYJU’s founders are expected to request monetary damages of not less than $2.5 billion,” states J Michael McNutt, Senior Litigation Advisor, Lazareff Le Bars Eurl.
This comes at a time when the founders are fighting a bitter legal battle with its investors and other parties and are facing mounting financial pressures and regulatory scrutiny as disputes with investors intensify.
Byju Raveendran and Divya Gokulnath have vigorously disputed all claims made against them by the resolution professional (RP) of Think & Learn in the Corporate Insolvency Resolution Process (CIRP) procedure and by Glas Trust together with bankrupt former Delaware subsidiary of Think & Learn Alpha Inc.
In Indian courts, the founders are already contesting the commencement of the CIRP procedure of Think & Learn Private Limited, the standing of Glas Trust in those proceedings, the removal of the RP requested due to a conflict of interest, and other relevant complaints.
“There is no court order in any jurisdiction, including in India or the United States, ordering the payment by Byju or Mrs Divya Gokulnath of any amount to Think & Learn, or any entity related to Think & Learn, including but not limited to the bankrupt Delaware former subsidiary of Think & Learn Private Limited, Alpha Inc. now controlled by Glas Trust,” it said in a statement.
In a legal action in India, the founders said the same parties have abusively commenced the liquidation of several subsidiaries of Think & Learn Private Limited.
A former Delaware subsidiary of Think & Learn Private Limited, Alpha Inc. was placed into in February 2024 by the director appointed by Glas Trust after the lenders of a credit agreement took the shares of Alpha Inc. in 2023. BYJU’s founders have disputed those actions and the ability of Glas Trust to represent those lenders in proceedings in India and elsewhere.
Published on July 17, 2025
