Glas Trust is a US-based non-banking loan agency that was appointed by over 100 lenders as an administrative agent for a term loan of about $1.2 billion.
The US-based company moved the NCLT after Byju's defaulted in the repayment of a loan of over ₹8,000 crore.
The plea filed through Khaitan & Co claimed that the default in the repayment of the loan began in 2022 and that it was an admitted default.
Glas Trust is a US-based non-banking loan agency that was appointed by over 100 lenders as an administrative agent for a term loan of about $1.2 billion.
The US-based company moved the NCLT after Byju's defaulted in the repayment of a loan of over ₹8,000 crore.
The plea filed through Khaitan & Co claimed that the default in the repayment of the loan began in 2022 and that it was an admitted default.
