BYJU’S Alpha sues Byju Raveendran, Divya Gokulnath over alleged ‘fraudulent transfer’ of $533M

Quick Summary:

The lawsuit, filed by BYJU’S Alpha on behalf of the Term Loan lenders, follows a February 28 ruling that found Riju Ravindran, BYJU’S, and Camshaft Fund committed multiple fraudulent transfers and conversions of $533 million in loan proceeds.

BYJU’S, once hailed as India’s most valuable startup, is now facing bankruptcy proceedings in both India and the US.

YourStory has reached out to BYJU’S for comments.

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Article Details

Author / Journalist: Ishan Patra

Category: StartupsEconomyBusiness

Markets: India

Topics: $533 Alpha Loan Term Lawsuit Lenders Ravindran Filed Million Proceeds Byju’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 06:20:30 (5 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 27769458

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