BYJU’S, once India's most valued edtech company, is grappling with significant financial troubles, with lenders demanding repayment of its $1.2 billion Term Loan B (TLB). US-based creditors, represented by Glas Trust, have countered founder Byju Raveendran’s claims regarding the company’s debt obligations, insisting that BYJU’S must repay the full loan amount with interest, contradicting Raveendran's earlier statements.

Raveendran initially claimed that the company’s verified debt was only about Rs 20 crore, asserting that US lenders had no valid grounds to demand repayment of the entire $1.2 billion loan. However, Glas Trust, which represents a group of US lenders, has dismissed these claims. In their latest response, they stated that BYJU’S remains legally bound to repay the loan as per the terms of the credit agreement....
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