Archive · 11 Dec 2025
US Court Reverses $1B Damages Against Byju Raveendran
A US court has taken back a big fine of USD 1 billion against Byju Raveendran, the founder of Byju's, an online learning company.
Earlier, the court said Byju didn't cooperate in finding some missing money from a loan.
But now, the court agreed to look again.
Byju says the money was used for his company and not stolen.
He also says the people who accused him are lying and plans to sue them for a lot of money.
The court will now decide in January 2026 if any money should be paid.
Byju says he has proof that the money was used correctly.
A US bankruptcy court reversed a USD 1 billion damages ruling against Byju Raveendran.
The court agreed to a new phase to determine damages, starting in January 2026.
Byju's creditors, including GLAS Trust, accused him of misusing USD 533 million from a USD 1.2 billion loan.
Byju claims the loan proceeds were used for acquisitions and investing in his company, Think and Learn Pvt Ltd (TLPL).
Byju plans to sue GLAS Trust for USD 2.5 billion, alleging they misled the court and caused job losses and business collapse.
- Who
- Byju Raveendran, GLAS Trust, Think and Learn Pvt Ltd (TLPL)
- What
- Reversal of a USD 1 billion damages ruling against Byju Raveendran
- When
- December 8, 2025 (reversal), January 2026 (damages phase)
- Where
- US Bankruptcy Court in Delaware
- Why
- Byju Raveendran submitted a motion to correct the judgment, arguing that damages had not been determined
- Amount of Damages Reversed
- USD 1 billion
- Original Loan Amount
- USD 1.2 billion
- Accused Amount Misused
- USD 533 million
- Byju's Investment in TLPL
- USD 475 million
- Potential Counter-Suit by Byju
- USD 2.5 billion
- Jobs Lost Due to Collapse
- 85,000
- Students Impacted
- 250 million
Sources
Breather for Byju Raveendran: US bankruptcy court overturns $1 bn damages order
US Bankruptcy Court Reverses USD 1 Bn Damages Against Byju Raveendran
US court reverses $ 1 bn damages order against Byju Raveendran
US court reverses $1 billion damages ruling against Byju Raveendran, orders fresh hearing in January
US bankruptcy court reverses $1 bn damages against Byju Raveendran
Delaware Court reverses prior judgment of $1 b damages against Byju Raveendran
US court reverses $1 bn damages against Byju
