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US bankruptcy court reverses USD 1 bn damages against Byju Raveendran

December 10, 2025 6:33 pm

The court in the December 8 order said it will "amend its Default Judgment Opinion to remove those sections assessing damages against Byju Raveendran." It directed parties to provide their respective positions on the issue on January 7.

The sovereign wealth fund said in a press statement that the origins of the dispute went back to September 2022, when Qatar Holdings LLC lent $150 million to Byju’s Investments Private Limited, a wholly owned subsidiary of the Singapore-registered Byju’s Global, with the loan being guaranteed by Byju Raveendran.

Qatar fund moves Karnataka HC to recover from Byju’s $235 million awarded by Singapore arbitration centre

August 26, 2025 9:42 pm

In September 2022, Qatar Holdings LLC lent $150 million to Byju’s Investments Private Limited, a wholly owned subsidiary of the Singapore-registered Byju’s Global, with the loan being guaranteed by Byju Raveendran.

Raveedran Byju is the found of Byju's, which was once the most valuable startup in India. (File photo)

Bjyu's, once valued at $22 billion, is now worth 'zero,' says founder Byju Raveendran

October 18, 2024 3:19 pm

Byju's former CEO and founder Raveendran Byju's recently said that his company, which was once valued at $22 billion now has a 'zero' net worth.

Byju’s said it entered into insolvency proceedings on July 16, 2024, due to a legal dispute with the Board of Control for Cricket in India (BCCI). (File Photo)

Byju’s hits back at MSKA, says auditor sought “backdated” details after board was suspended

September 07, 2024 2:07 pm

MSKA quits as auditor citing inadequate details and explanations from company

The NCLAT was hearing a petition filed by Byju's, challenging the initiation of insolvency proceedings against parent company Think & Learn.

NCLAT’s Chennai bench gives go-ahead for settlement between BCCI, Byju’s

August 02, 2024 9:09 pm

Earlier this month, the Bengaluru bench of the NCLAT admitted BCCI’s application for initiation of corporate insolvency proceedings against Think & Learn Private Ltd, the parent company of Byju’s, for defaulting on the aforementioned amount.

NCLT admits BCCI's plea seeking insolvency proceedings against Byju's

July 16, 2024 5:11 pm

The BCCI - which administers professional cricket in India - had sought initiation of insolvency proceedings against Byju’s over alleged unpaid dues of Rs 158.90 crore under their sponsorship contract for the Indian cricket team.

Proceedings initiated against BYJU'S under companies law 'still ongoing': Centre

June 26, 2024 9:17 pm

Last year, the Ministry of Corporate Affairs ordered the inspection of the books of BYJU'S in the wake of various developments at the edtech company, including its inability to finalise the statements and the resignation of an auditor.

Delaware court rejects Byju's lenders' plea for mandatory injunction against firm, freezes fund

March 15, 2024 10:10 pm

The court, however, has restrained Byju's from further transferring or using any of the USD 533 million in loan proceeds, purportedly parked at an unknown location, the lenders claimed.

Byju's releases full payment of 25% employees, partial payment to others

March 10, 2024 8:39 pm

The next hearing has been listed for April 4.

Byju’s founder says he continues to be CEO, only 45 pc shareholders voted against him

February 25, 2024 12:58 am

In a letter to the employees, Raveendran said the claims made by a small group of select minority shareholders that they have unanimously passed the resolution in the EGM is completely wrong.