US bankruptcy court holds Byju Raveendran in contempt for failure to comply with its orders

The US Bankruptcy Court for the District of Delaware has issued an order holding Byju’s founder, Byju Raveendran, in civil contempt for failing to comply with earlier court orders related to limited expedited discovery.

“This court has personal jurisdiction over Raveendran,” it said in an order on Monday. ET has seen a copy of the order.

The court has further directed Raveendran to comply with the discovery orders. “Raveendran shall remit to the clerk of court the sum of $10,000 for each day he remains in contempt of the orders,” it said.