US court holds Byju Raveendran in contempt

A US bankruptcy court 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.

The United States Bankruptcy Court for the District of Delaware has further directed Raveendran to comply with the discovery orders and remit to the clerk of court the sum of $10,000 for each day he remains in contempt of the orders.

Discovery, a standard procedure in American litigation, requires parties to share relevant evidence and information with opposing counsel during legal proceedings.