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A U.S. court overturned a $1B ruling against Byju’s founder, citing procedural flaws, and set a new phase to assess potential damages starting Jan. 7, 2026.
A U.S. bankruptcy court in Delaware has reversed a $1 billion damages ruling against Byju’s founder Byju Raveendran, citing procedural errors including insufficient time to secure legal representation.
The decision, issued December 8, 2025, nullifies the prior default judgment based on Raveendran’s non-compliance with discovery, but leaves open the possibility of future damages assessments.
A new phase begins January 7, 2026, to determine if any damages are owed.
Raveendran’s team denies diverting funds, claiming $533 million from a 2021 loan was reinvested in the company’s growth, including over $475 million in equity.
They allege lenders and the resolution professional misled courts and plan a $2.5 billion counter-suit.
No liability has been established.
Un tribunal de los Estados Unidos anuló un fallo de $ 1 mil millones contra el fundador de Byju's, citando fallas procesales, y estableció una nueva fase para evaluar posibles daños a partir del 7 de enero de 2026.