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Byju Raveendran ordered to pay over $1 billion as US court delivers default ruling
Byju Raveendran ordered to pay over $1 billion as US court delivers default ruling
Business
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Byju Raveendran Ordered to Pay $1 Billion in US Court Default Ruling

Byju Raveendran Ordered to Pay $1 Billion in US Court Default Ruling

A US court has issued a default judgment ordering Byju Raveendran to repay over $1 billion. The ruling holds the embattled edtech founder personally liable for the movement and concealment of funds.

The case was initiated through a petition filed by BYJU’s Alpha and US-based lender GLAS Trust Company LLC. The court found Raveendran responsible for financial misconduct, marking a significant legal setback for the entrepreneur.

Key developments:

  • Byju Raveendran faces $1+ billion repayment order
  • US court delivers default judgment
  • Founder held personally liable for fund movement and concealment
  • Case filed by BYJU’s Alpha and GLAS Trust Company

This story is being updated with additional details as they emerge.

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