{"id":979969,"date":"2025-12-12T10:01:58","date_gmt":"2025-12-12T04:31:58","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=979969"},"modified":"2025-12-12T10:01:58","modified_gmt":"2025-12-12T04:31:58","slug":"us-bankruptcy-court-reverses-usd-1-bn-damages-against-byju-raveendran","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/12\/12\/us-bankruptcy-court-reverses-usd-1-bn-damages-against-byju-raveendran\/","title":{"rendered":"US bankruptcy court reverses USD 1 bn damages against Byju Raveendran"},"content":{"rendered":"<p>A US bankruptcy court has reversed a USD 1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn Pvt Ltd &#8211; the parent firm of ed-tech platform Byju\u2019s. The Delaware Court had, in a default ruling last month, ordered Raveendran to pay more than USD 1 billion, saying the former corporate star who set up the eponymous Indian edtech and tutoring company, had refused to cooperate with legal efforts to locate almost half the proceeds from a USD 1.2 billion US term loan made in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A US bankruptcy court has reversed a USD 1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn Pvt Ltd &#8211; the parent firm of ed-tech platform Byju\u2019s. The Delaware Court had, in a default ruling last month, ordered Raveendran to pay more than USD 1 billion, saying the former corporate star who set up the eponymous Indian edtech and tutoring company, had refused to cooperate with legal efforts to locate almost half the proceeds from a USD 1.2 billion US term loan made in 2021.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[79,4,18],"tags":[],"class_list":["post-979969","post","type-post","status-publish","format-standard","hentry","category-it-2-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/979969","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=979969"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/979969\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=979969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=979969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=979969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}