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US court orders Byju Raveendran to pay over $1 billion in default judgement
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The US bankruptcy court has held Byju’s founder Byju Raveendran in default and ordered him to pay more than $1 billion after ruling that he obstructed discovery in the case involving the missing Alpha Funds.
The court issued the default judgment after finding that Raveendran consistently ignored orders and failed to participate in the proceedings, following a motion for default that the lenders filed on August 11.
“The court acknowledges that the relief granted herein is extraordinary. But the circumstances of this case are, frankly, unique and…
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