#India #Bengaluru #Delaware Court #Byju Raveendran #Byjus Investments

Delaware Court Reverses Byju Raveendran’s $1 Billion Judgment

In a landmark ruling, the Delaware Court has officially reversed a prior judgment that imposed a staggering $1 billion in damages against Byju Raveendran, the director of Byjus Investments Pvt. Ltd. This monumental decision came following new submissions made by Raveendran aimed at correcting the judgment issued on November 20, 2025. The court has determined that the previous damages had not been appropriately evaluated, allowing for a fresh phase of legal proceedings to start in January 2026 to assess any potential damages relevant to the claims against Raveendran.

This ruling comes amidst accusations against GLAS Trust and other lenders for misrepresenting critical information, ultimately misleading both the court and the public. This deception has significantly contributed to the downfall of Byju's companies, resulting in the loss of approximately 85,000 jobs and affecting around 250 million students. Furthermore, the collapse has led to the destruction of tens of billions of dollars in enterprise value. Given the circumstances, Raveendran is now contemplating further legal actions against GLAS Trust and other involved parties for their misleading conduct, which he argues has severely harmed his business operations.

Michael McNutt, a litigation advisor for Raveendran, stated, "The impact of the court’s decision to amend the judgment cannot be overstated. As it stands, Byju Raveendran is not liable for any damages to the plaintiffs. During the upcoming damages hearings, we will present compelling evidence to illustrate that the plaintiffs have not suffered any damages as a result of Raveendran’s actions. Moreover, we will show that they have sought to mislead not only Delaware courts but other jurisdictions as well in attempts to jeopardize Raveendran, Divya Gokulnath, and Riju Ravindran. We are even considering sanctions against the plaintiff’s legal representatives for their actions."

Raveendran's legal team has gathered evidence suggesting that funds allocated to Alpha and subsequently sent to companies owned by Raveendran were, in fact, invested in Think & Learn according to all necessary Indian laws and not misappropriated as claimed by certain plaintiffs. Furthermore, publicly available financial records reveal that Raveendran and associated entities have invested over $475 million through share purchases in TLPL during this same timeframe.

As preparations begin for the upcoming hearings in January, the legal discussions will likely focus on identifying the actual damages linked to the claims. Both sides are expected to present substantial evidence to support their perspectives. As Raveendran aims to disprove any liability for damages, all eyes will be on the next phase of legal battles, emphasizing the importance of transparency and integrity in financial matters within the realm of educational services. This case could set significant precedents for future high-stakes litigation involving corporate finance and public accountability.

In summary, the recent overturn of a $1 billion judgment against Byju Raveendran by the Delaware Court marks a critical moment in the ongoing legal saga surrounding his companies. With the court acknowledging the need for a comprehensive re-evaluation of potential damages, it opens a new chapter for Raveendran as he strives not only to defend his reputation but also to recover from the collateral damage inflicted on his business and its stakeholders.