In a significant legal development, a US court has ordered Byju Raveendran, founder of the Indian ed-tech giant Byju’s, to repay $1.07 billion following a contentious case involving allegations of fund mismanagement. Raveendran has vowed to appeal the judgment, claiming he was denied the opportunity to present a defense. The case, spearheaded by US lenders led by GLAS Trust, centers on $533 million in missing funds and a disputed $500 million partnership stake. Byju’s legal team has accused GLAS Trust of misleading the Delaware Courts to expedite the proceedings, resulting in a default judgment issued without proper defense. The legal team asserts that the funds in question were used for the benefit of Think & Learn Private Limited (TLPL), the parent company of Byju’s, and not for personal gain. Raveendran’s legal advisors have announced plans to file appeals and prepare federal claims against GLAS Trust, alleging racketeering and obstruction of justice, with damages estimated at over $2.5 billion. The case has drawn widespread attention, raising questions about corporate governance and the integrity of legal processes in high-stakes financial disputes.