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US bankruptcy court reverses $1 billion order against Byju Raveendran
The Morning Standard
|December 11, 2025
A US bankruptcy court in Delaware has reversed its earlier judgment directing Think & Learn Pvt Ltd founder Byju Raveendran to pay $1.07 billion for the alleged diversion of funds from BYJU’s Alpha, following the fresh submission of evidence by the company.
According to a statement from TLPL, the parent company of BYJU’s, the court on Wednesday agreed that damages had not yet been determined and ordered a new phase to commence in early January 2026 to assess any damages related to the claims against Raveendran.
The Delaware court had previously issued an order asking Raveendran to pay $1.07 billion. The dispute stems from a large Term Loan B facility raised by Byju’s Alpha, a US subsidiary, from a consortium of global lenders.
This story is from the December 11, 2025 edition of The Morning Standard.
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