The Delaware Bankruptcy Court in the US has issued a default judgment making Byju Raveendran liable to personally pay back over USD 1 billion (Rs 15,000 crore approximately) based on the petition filed by Byju’s Alpha and US-based lender Glas Trust Company LLC. According to the judgment dated November 20, 2025, Raveendran failed to comply with the Court’s discovery order and continued to be evasive on several occasions.
Byju’s Alpha was incorporated when Raveendran was running the management of edtech firm Think and Learn Private Limited (TLPL), which operated under Byju’s brand name. TLPL had secured USD 1 billion (Rs 8300 crore approximately) Term Loan B from US-based lenders. The lenders had later alleged that Byju’s Alpha had violated the terms of the loan, and USD 533 million (Rs 4777 crore approximately) out of the total debt had been moved out of the US illegitimately.
The Glas Trust moved Delaware court and received a favourable order to take control of Byju’s Alpha. Both Byju’s Alpha and Glas Trust moved the Delaware Bankruptcy Court for the discovery of USD 533 million (Rs 4777 crore approximately) and related transactions. The court found that Raveendran knew of the discovery order but simply refused to comply.
The court issued a contempt order in the matter, noting, “The facts and circumstances of this case indicate that Raveendran’s continuing failure to adequately respond to the pending discovery requests is a personal decision by Raveendran, himself.” They rejected Raveendran’s argument that the Glas Trust has access to documents through the books of Byju’s Alpha. It noted that there is nothing in the record to support the assertion that Glas has access to relevant documents.
“The court has also found that Raveendran’s behaviour has been a strategic pattern of wilful failure to comply with discovery,” the judgment said. The court has imposed sanctions of USD10,000 (Rs 9 lakh approximately) per day until he purges his contempt. “The monetary sanctions, however, remain unpaid and have been ineffective. Raveendran lives abroad and apparently has no intention of satisfying his financial penalties or complying with the discovery orders,” the judgment said.
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