US EditionPublished • loading... • Updated
US Court Orders Byju Raveendran to Pay over $1 Billion in BYJU’s Alpha-GLAS Trust Case
Delaware Bankruptcy Court held Byju Raveendran liable for over $1 billion after finding he evaded discovery orders and moved $533 million out of the U.S., court records show.
- On November 20, 2025, the Delaware Bankruptcy Court entered a default judgment holding Byju Raveendran personally liable for over $1 billion, following petitions by BYJU's Alpha and GLAS Trust Company LLC.
- The court found Raveendran willfully failed to comply with discovery orders and repeatedly acted evasively, while lenders alleged BYJU's Alpha moved $533,000,000 out of the U.S. illegitimately.
- The judgment specifies detailed monetary amounts and remedies, including $540,647,109.29 on Counts II, V and VI, directs a full accounting of Alpha Funds and Camshaft LP Interest, and imposes contempt findings with unpaid $10,000-per-day sanctions.
- GLAS Trust Company LLC moved to take control of BYJU's Alpha after the court said monetary sanctions were ineffective and noted Raveendran lives abroad and has not satisfied penalties.
- Think and Learn Private Limited had secured a $1 billion Term Loan B from U.S.-based lenders, and the court rejected Raveendran's claim that GLAS Trust Company LLC had document access through BYJU's Alpha.
Insights by Ground AI
29 Articles
29 Articles
A US bankruptcy court has declared Byju's founder Byju Raveendran in default on charges of failure to comply with court orders and fund diversion, imposing penalties of over $1 billion. The case relates to a suspicious transfer of $533 million from Byju's Alpha.
US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
·New Delhi, India
Read Full Article
Coverage Details
Total News Sources29
Leaning Left2Leaning Right8Center2Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
Factuality
To view factuality data please Upgrade to Premium
