A US bankruptcy judge ordered Indian edtech startup Byju's founder Byju Raveendran on Nov. 20 to pay $1B+ to US lenders, over missing funds from Byju's US unit
Byju Raveendran, the embattled founder of Indian ed-tech giant Byju's, has blasted a U.S. bankruptcy court's order directing him to pay more than $1.07 billion.
A US court has issued default judgement making Byju Raveendran liable to personally pay back over USD 1 billion based on the petition filed by BYJU's Alpha and US-based lender GLAS Trust Company LLC. #Byjus #ByjuRaveendran #UnitedStates https://thefederal.com/...
Read this article. Man is staying at Dubai. Doesn't attend court proceedings. Doesn't provide cooperation. US court orders him to pay 1 billion dollars. Man thought this is India. US bankruptcy court orders Byju's founder to pay $1bn https://www.ft.com/...
A U.S. bankruptcy judge has held Byju Raveendran personally liable for more than $1 billion in damages related to the missing “Alpha Funds,” allowing creditors to pursue his personal assets. - The court ruled Raveendran intentionally obstructed discovery. Responses were “evasive …