US lenders file suit against Byju Raveendran, wife over missing loan funds, founders refute claim: Report

American lenders have taken legal measures against BYJU RAVEENDRAN, founder of the Indian Education Company byju, and his wife Divya Gokulnath, in a bankruptcy court in the United States. The lawsuit, raised in Wilmengton, Dilayer, accused the couple personally responsible for more than $ 500 million in the missing loan revenues.

The lawsuit confirmed the ongoing allegations against ravendran and byju’s, where two bankruptcy judges in the United States found that the company has reduced $ 533 million for creditors. Legal efforts aim to maintain Ravendran, Gokulnath and another official of a company responsible for their roles in financial contradictions.

“This is to hold three of the powerful BYJU executives accountable for the BYPHADADADAD transfer of the asset in a fraudulent transfer value of more than half a billion dollars to not look,” the lawsuit submitted on April 9, 2025 stated.

Disputes on a loan that closes $ 1.2 billion, as lenders seek for years to recover money. Beju’s is accused of moving part of the loan revenue to a hedge box in Miami, a step that American bankruptcy judge John Dorsi considered in February.

The lawsuit, which was filed on April 9, 2025, sought to three high -ranking executives in BYJU responsible for deliberately causing the debtor to transfer assets worth more than $ 500 million without any compensation.

“In light of the court’s recent decision, there could be no doubt that they acted illegally and tried to cover their paths,” the lenders emphasized.

Byju’s heavily refuted the claims filed in a recent American lawsuit accusing the company’s high leadership of embezzlement of $ 533 million. By describing the case as “unfounded” and “trivial”, Byju emphasized that it is an unfounded attempt by the representatives of lenders illegally controlling the company using what they consider “nefarious” tactics.

In response to the lawsuit filed by the lenders against its entity in the United States byju’s alpha Inc. , The company issued a strongly formulated statement, saying: “This lawsuit is just a continuation of the most of Glas, the representative of the disgraceful lenders in the United States, for a period of time.”

The lawsuit, filed by Alfa Peugeot in the American Banking Court of Dilayer, on behalf of loan lenders, comes after a ruling on February 28, who decided that Rajo Raven and Peugeot, and the Cameshin column fund was involved in transfers and duties of $ 533 million. It has also been found that Ravendran violated his credit duties as director of byju’s alpha.

Byju’s Alpha, a special vehicle for purposes (SPV) that was established in Dilayer to receive funds from a loan of $ 1.2 billion, was seized by creditors and placed under bankruptcy procedures in Chapter 11 after controlling the amount of $ 533 million previously.

The lenders argue that the actions of the couple were deliberate attempts to prevent payment and submitted this lawsuit as part of their continuous efforts to recover the money. Despite these efforts, Ravenwurne and his wife have constantly refuted these allegations. In response, they claim that the lawsuit is a strategic trick by the lenders to control the BYJU through questionable means, saying: “The loan claims are unfounded and incorrect.” This legal battle sheds light on the complications surrounding the financial management and preju’s processes.

Byju’s currently moves on bankruptcy procedures in both the United States and India. In the United States, lenders are trying to liquidate local assets, including the educational software companies that they gained for $ 820 million, as a way to recover payments. At the same time, efforts are taking place in the Indian legal framework to assess the remaining value of the BYJU, although possible returns are still unconfirmed.