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.
