US court rules against Byju’ in $533 million fraud case

A US bankruptcy court has ruled against Byju’s Alpha, Inc and its affiliates in a case involving the fraudulent transfer of $533 million. Judge John T Dorsey of the Delaware Bankruptcy Court issued a summary judgment against key defendants, including Riju Raveendran, Camshaft Capital Fund, LP, and Think & Learn (T&L), which operates as Byju’s.