Delaware Court Reverses $1B Damages Ruling Against Byju Raveendran

• Delaware court reversed the $1 billion damages portion of its earlier default judgment against Byju Raveendran.
• The court concluded the damages issue had not been finally determined, though the default judgment against Raveendran remains.
• New proceedings will begin in January 2026 to decide if and how much damages Raveendran should pay.
• The original $1 billion judgment was based on allegations of transferring $533 million from Byju's Alpha to avoid lenders.
• Raveendran's team stated he has not been found liable for damages and accused lenders of misleading the court.

Why It Matters: Byju Raveendran's $1 billion damages removed, future liability undecided.