Byju’s founder to appeal U.S. court order to pay over $1B in bankruptcy case

Byju Raveendran, the embattled founder of Indian ed-tech giant Byju’s, has blasted a U.S. bankruptcy court’s order directing him to pay more than $1.07 billion. He is denying wrongdoing, accusing lenders of misleading the court, and vowing to appeal a ruling that marks a dramatic fall for a onetime poster boy of India’s startup boom. The Delaware bankruptcy judge issued a default judgment after finding that Raveendran had repeatedly ignored court orders and provided “evasive, incomplete” responses regard ...