US Bankruptcy Court Reverses $1B Damages Ruling Against Byju Raveendran

• US bankruptcy court reversed a USD 1 billion damages ruling against Byju Raveendran.
• The Delaware Court will begin a new phase in January 2026 to determine any damages.
• Raveendran was previously ordered to pay for not cooperating in locating $533 million of a $1.2 billion loan.
• Raveendran plans to sue GLAS Trust for $2.5 billion, alleging they misled courts and caused business collapse.
• He claims the disputed $533 million was invested into Think and Learn Pvt Ltd (TLPL), not siphoned off.

Why It Matters: Reversal of $1B damages against Byju Raveendran signals prolonged legal fight.