Aakash, minority shareholders oppose Glas Trust’s intervention in minority rights suit
Aakash Institute, along with its minority shareholders, including private equity major Blackstone, and its majority ...
Byju's insolvency: NCLT reinstates Glas Trust as financial creditor, ejects resolution professional
Glas Trust and Aditya Birla Finance will now be included in Byju's committee of creditors, while founder Byju Raveendran will continue to be excluded from taking charge of his company..NCLT also ...
NCLT orders probe against Byju's RP, ousted creditors Glas Trust, Aditya Birla back in CoC
The tribunal has asked the Committee of Creditors, which now includes ousted creditors Glas Trust and Aditya Birla Finance, to take a call on appointing a new RP ...
Byju’s case: Glas Trust, Aditya Birla Finance inducted into CoC
The tribunal has also directed the CoC to submit their recommendation on the appointment of the resolution professional. Glas Trust had earlier pointed out that the RP was functioning in a biased ...
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NCLT Orders Disciplinary Action Amidst Byju’s Insolvency Controversy
The National Company Law Tribunal ordered disciplinary action against Byju's resolution professional, Pankaj Srivastava, for ...
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Controversies Erupt as Byju’s Insolvency Case Heats Up at NCLAT
The insolvency-related case involving edtech firm Byju’s sees revived legal actions. Former Resolution Professional Pankaj ...
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BYJU’S Insolvency: NCLAT Directs NCLT To Clear BCCI’s Plea In A Week
The NCLAT was hearing an appeal filed by Riju Raveendran challenging the reinstatement of Glas Trust and Aditya Birla Finance into the CoC of BYJU’S Riju argued that the NCLT cannot order the ...
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BYJU’S Insolvency: NCLAT Chennai Judge Recuses Himself From Hearing Riju Raveendran’s Appeal
Last month, NCLT ordered the removal of BYJU'S resolution professional while calling for disciplinary action against him ...
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Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for January 2025
The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a ...
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Byju’s New CoC: What NCLT’s Verdict Means for the Edtech Giant?
Byju’s has been in the news for quite some time. NCLT ruled that two major creditors, Glas Trust and Aditya Birla Finance, should be included again. Earlier, the person in charge of handling Byju's ...
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Byju’s creditors to vote on resolution professional on Saturday
Glas Trust Company, holding 99.41% voting rights, can pass its preferred nominee. Previous resolution decisions were criticized by NCLT, leading to potential disciplinary action and Misconduct ...
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BCCI-Byju's settlement: NCLAT directs NCLT to decide on the matter within a week
The tribunal had also cancelled the reconstitution of the CoC of Byju's, carried out by the Interim Resolution Professional on August 31, 2024, in which Srivastava had excluded Glas Trust and ...