US Court Orders Byju's To Pay $1Bn; Terms The Founder's Behaviour As 'Willful Failure'
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US Court Orders Byju's To Pay $1Bn; Terms The Founder's Behaviour As 'Willful Failure'
A US court has issued a default judgement holding Byju Raveendran personally liable for repaying over $1Bn. This was based on a petition filed by BYJU's Alpha and US-based lender GLAS Trust Company LLC. The judgement required Raveendran to deliver a complete and precise account of the Alpha Funds and any related proceeds, such as the Camshaft ...
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