US court reverses $1 bn damages ruling against Byju Raveendran
In a significant development, a bankruptcy court in the US state of Delaware has reversed the damages portion of its earlier ruling that ordered BYJU’S founder Byju Raveendran to pay about $1.07 billion. The court has stated that the damages had not been determined and has now directed that a new phase of proceedings begin in January 2026 to assess any damages linked to the claims against Raveendran.
This ruling comes as a major relief for Byju Raveendran, who is the founder of the Indian ed-tech giant BYJU’S. The company has been facing several challenges in recent times, including financial struggles and regulatory issues. The earlier ruling had ordered Raveendran to pay $1.07 billion in damages, which would have been a significant blow to the company and its founder.
However, with the reversal of the damages portion of the ruling, Raveendran and BYJU’S can now breathe a sigh of relief. The court’s decision to direct a new phase of proceedings to assess damages linked to the claims against Raveendran means that the matter is far from over. The new phase of proceedings is set to begin in January 2026, and it will be interesting to see how the case unfolds.
The case against Raveendran and BYJU’S is related to the company’s acquisition of a US-based education company, and the alleged breach of contract and other issues related to the acquisition. The court had earlier ruled in favor of the plaintiffs, ordering Raveendran to pay $1.07 billion in damages. However, the defendants had appealed the ruling, arguing that the damages had not been properly determined.
The Delaware bankruptcy court’s decision to reverse the damages portion of the ruling is a significant development in the case. The court’s ruling means that the damages will now have to be assessed through a new phase of proceedings, which will begin in January 2026. This will give both the plaintiffs and the defendants an opportunity to present their case and argue their positions.
The outcome of the case will have significant implications for BYJU’S and its founder Byju Raveendran. If the court ultimately rules in favor of the plaintiffs, it could result in significant damages being awarded against Raveendran and BYJU’S. On the other hand, if the court rules in favor of the defendants, it could be a major victory for the company and its founder.
The case is also being closely watched by the Indian business community, as it has significant implications for the country’s ed-tech sector. BYJU’S is one of the largest ed-tech companies in India, and the outcome of the case could have a ripple effect on the entire sector.
In recent times, BYJU’S has been facing several challenges, including financial struggles and regulatory issues. The company has been under scrutiny for its business practices and has faced allegations of misleading advertising and other issues. The outcome of the case against Raveendran and BYJU’S will be closely watched by regulators and the business community, as it will have significant implications for the company and the ed-tech sector as a whole.
In conclusion, the US court’s decision to reverse the damages portion of its earlier ruling against Byju Raveendran is a significant development in the case. The new phase of proceedings set to begin in January 2026 will be closely watched by the business community, as it will have significant implications for BYJU’S and its founder. The outcome of the case will be a major test for the company and its founder, and will have significant implications for the Indian ed-tech sector.
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