US Court Reverses $1B Damages Against Byju Raveendran

• A US bankruptcy court reversed a $1 billion damages ruling against Byju Raveendran, founder of Byju's.
• The previous default ruling was related to alleged non-cooperation in locating $533 million from a $1.2 billion loan.
• The court agreed damages had not been determined and ordered a new phase to commence in early January 2026.
• Raveendran plans to file a $2.5 billion lawsuit against GLAS Trust, accusing them of misleading courts.
• He will submit evidence showing the $533 million was invested in Think & Learn, not diverted for personal use.

Why It Matters: Byju Raveendran's $1B damages reversal changes his legal and financial outlook.