A US bankruptcy court ruled that BYJU’S parent, Think & Learn Pvt Ltd, and Riju Ravindran defrauded lenders by stealing $533 million from BYJU’S Alpha, Inc. The court confirmed fraudulent transfers and Riju’s breach of duties. Lenders aim to recover the funds, adding to BYJU’S ongoing financial and legal struggles in the US and India. Damages are pending.
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