A US bankruptcy court has ordered Byju’s founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju’s Alpha, the company’s US-based financing arm.

The default judgment , issued by Judge Brendan Shannon of the Delaware Bankruptcy Court , follows Raveendran’s repeated failure to comply with directions to appear before he court and provide documents, according to multiple media reports.

A default judgment is a ruling issued when a party does not participate in the litigation or ignores court orders, allowing the court to decide the case without a trial.

Meanwhile, Byju Raveendran denied all allegations and informed that he will appeal the US court judgment. Raveendra said that the US Court default judgement w

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