Byju’s term loan lenders sue founder Raveendran for $533 million ‘theft’ in US court

BENGALURU: Byju’s term loan lenders have filed a lawsuit against founder Byju Raveendran, his wife and co-founder Divya Gokulnath and Anita Kishore (former chief strategy officer) in a US bankruptcy court.

The lawsuit was filed following the judgment of the US Bankruptcy Court for the District of Delaware against Riju Ravindran. The lawsuit claims that each of them co-orchestrated and executed a lawless scheme to “conceal and steal $533 million of loan proceeds”.