Daijiworld Media Network - Delaware

Delaware, Nov 22: The Delaware Bankruptcy Court has issued a default judgment holding Byju Raveendran personally liable to pay over $1 billion following repeated failures to comply with court-ordered discovery in the BYJU’s Alpha case.

The November 20, 2025, judgment awards $533 million in damages for the alleged fraudulent transfer of BYJU’s Alpha funds in 2022, along with $540.65 million tied to the Camshaft LP interest transfers. Raveendran has been directed to provide a full accounting of Alpha Funds and any related proceeds, including all subsequent transfers.

BYJU’s Alpha, incorporated while Raveendran managed Think and Learn Private Limited (TLPL), had secured a $1 billion Term Loan B from US lenders. The lenders alleged that $533 million was transferred out of the US in violation of the loan terms. Following the dispute, GLAS Trust Company LLC took control of BYJU’s Alpha.

The court noted that Raveendran was aware of prior discovery orders but refused to comply, showing a “strategic pattern of willful failure.” Contempt sanctions of $10,000 per day remain unpaid. The court stated that Raveendran “lives abroad and apparently has no intention of satisfying his financial penalties or complying with the discovery orders,” making default judgment necessary.

Raveendran’s authorized representatives did not respond to email queries seeking comment. The case underscores the ongoing legal and financial scrutiny faced by the BYJU’s founder.