Byju RaveendranImage Credit source: Photo by Hemant Mishra/Mint via Getty Images
A US court has given a default judgment against Byju Raveendran on the basis of the petition of Byju Alpha and US-based lender GLAS Trust Company LLC. Under this order, Raveendran will personally have to pay an amount of more than one billion US dollars. This decision came on 20 November. During the hearing, the Delaware Bankruptcy Court found that Raveendran did not comply with its documentary information order and was evasive on several occasions.
The court gave this decision
It was said in the judgment that the court has given a default judgment against the defendant Raveendran. An amount of US$ 533,000,000 has been earmarked for his personal payment, and an amount of US$ 540,647,109.29 has been ordered to be paid in the case relating to Section 2, Section 5 and Section 6. The court directed Raveendran to give full and accurate accounts of Byju Alpha’s funds and any income derived from them, such as Camshaft LP interest, including each transaction and any income derived therefrom.
When was Byju Alpha established?
Byju Alpha was founded when Raveendran was managing educational technology company Think & Learn Pvt Ltd, which operated under the BYJU brand. This company had taken a loan of one billion dollars from American lenders. Lenders later alleged that Byju Alpha violated the terms of the loan and $533 million of the total loan was illegally taken out of the US.
Order given on 20th November
GLAS Trust filed a case in the Delaware court and obtained an order to take control of Byju Alpha. Both Byju Alpha and GLAS Trust sought orders from the court for information about $533 million and related transactions. According to the latest judgment dated November 20, 2025, the court found that Raveendran was aware of the documentary information order, but refused to comply with it. The court had earlier issued a contempt order in this case, but Raveendran refused to provide documentary information or pay the fine.