BYJU’S founders prepare $2.5 billion legal offensive against Glas Trust, Alpha

BYJU’S founders, Byju Raveendran and Divya Gokulnath, are preparing legal claims seeking damages of no less than $2.5 billion against multiple parties, including Glas Trust and Alpha Inc., accusing them of inflicting personal and business harm.

A press statement released by Paris-based law firm Lazareff Le Bars confirms that certain claims are already underway in Indian courts, targeting Glas Trust, now claiming control over Think & Learn’s former US subsidiary, and others.

“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,” said J Michael McNutt, Senior Litigation Advisor at Lazareff Le Bars Eurl. “The conduct before the Courts by Alpha, Glas Trust and its counsel has been reprehensible and improper in our view… 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.”

The founders are currently contesting the corporate insolvency resolution process (CIRP) of Think & Learn in India. They have challenged the role and neutrality of the appointed Resolution Professional, raised concerns over Glas Trust’s legal standing, and are fighting the liquidation of several Think & Learn subsidiaries - actions they allege are “abusive.”

The statement also stresses that no court, in India or the US, has ordered either Raveendran or Gokulnath to pay any amount to Think & Learn or its related entities.

Meanwhile, both founders are actively defending themselves in a Delaware court case filed in April 2025 by the Glas Trust-controlled bankrupt US entity. Raveendran has sought a reconsideration of a civil contempt order dated July 7, 2025, which he claims relates to duplicative information already submitted to Indian courts. Both founders are disputing the US court’s jurisdiction and denying all allegations.

The legal dispute stems from the fallout of lender-led actions against Alpha Inc., a former Delaware subsidiary of Think & Learn, which was placed into bankruptcy in February 2024. BYJU’s founders have since contested Glas Trust’s authority to represent those lenders in Indian and overseas proceedings.