{"id":910363,"date":"2025-03-01T08:19:19","date_gmt":"2025-03-01T02:49:19","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=910363"},"modified":"2025-03-01T08:47:30","modified_gmt":"2025-03-01T03:17:30","slug":"byjus-case-delaware-court-finds-riju-ravindran-and-others-responsible-for-defrauding-lenders","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/01\/byjus-case-delaware-court-finds-riju-ravindran-and-others-responsible-for-defrauding-lenders\/","title":{"rendered":"Byju&#8217;s case: Delaware court finds Riju Ravindran and others responsible for defrauding lenders"},"content":{"rendered":"<p>BENGALURU: The Delaware Bankruptcy Court has issued a summary judgment in favour of lenders and against Riju Ravindran (brother of Byju Raveendran, founder of the embattled education firm Byju&#8217;s), Camshaft Capital Fund, and its affiliates, and Think &amp; Learn. This is pertaining to term loan money amounting to $533 million. <\/p>\n<p>The lenders of the $1.5 billion Term Loan B to Byju&#8217;s Alpha,  a Delaware special purpose financing vehicle established by edtech firm Byju&#8217;s to receive proceeds of the term loans, in a statement said,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: The Delaware Bankruptcy Court has issued a summary judgment in favour of lenders and against Riju Ravindran (brother of Byju Raveendran, founder of the embattled education firm Byju&#8217;s), Camshaft Capital Fund, and its affiliates, and Think &amp; Learn. This is pertaining to term loan money amounting to $533 million. The lenders of the $1.5 billion Term Loan B to Byju&#8217;s Alpha, a Delaware special purpose financing vehicle established by edtech firm Byju&#8217;s to receive proceeds of the term loans, in a statement said,<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-910363","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/910363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=910363"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/910363\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=910363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=910363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=910363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}