US court finds Byju Raveendran, Think & Learn, company directors guilty of fraud

The lenders of Byju’s $1.2 billion term loan said on Friday that the US Bankruptcy Court for the District of Delaware has issued an order that the edtech firm’s suspended director Riju Ravindran, founder Byju Raveendran, hedge fund Camshaft Capital Fund, and parent company Think & Learn are responsible for defrauding Byju’s US entity Byju’s Alpha Inc and its lenders.