Byju Raveendran Ordered to Pay Over $1 Billion by US Court After Default Ruling
In a dramatic turn of events, Byju Raveendran, founder of India’s edtech giant Byju’s, has been ordered by a US bankruptcy court to pay more than $1.07 billion following a default judgment. The ruling, delivered by Judge Brendan Shannon of the Delaware Bankruptcy Court, holds Raveendran personally liable for the movement and concealment of funds…