A US bankruptcy court has ordered the founder of Indian tech giant Byju Raveendran to pay more than $1.07 billion after entering a default judgment that holds Raveendran personally liable for the movement and concealment of funds from Byju's Alpha, the company's US financing arm.

A Delaware bankruptcy judge in his judgement noted that the extreme award was justified by months of wilfully thwarting attempts to trace funds missing from a bankrupt Byju's subsidiary.

The Bankruptcy Court found that Raveendran failed to comply with the discovery order and continued to be evasive on several occasions.

According to the judgement, the court will enter default judgment against Defendant Raveendran in the amount of $533 million, and on Counts II, V and VI, in the amount of $540.6 million.

The ju

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