US Court Reverses $1 Billion Damages Ruling Against Byju Raveendran

• A US bankruptcy court reversed a $1 billion damages ruling against Byju Raveendran, founder of Byju's.
• The initial ruling was due to alleged non-cooperation in locating $533 million from a $1.2 billion loan.
• Raveendran contested the ruling, leading the court to agree to a new phase in January 2026 to determine damages.
• Raveendran plans to sue GLAS Trust for $2.5 billion, accusing them of misleading courts and causing business collapse.
• He claims the disputed $533 million was invested in Think and Learn Pvt Ltd (TLPL), not diverted for personal use.

Why It Matters: US court reversal of $1B ruling impacts Byju Raveendran's financial and legal future.