Over the past few months, the Byju's chief has been embroiled in legal battles with foreign investors across several countries. Currently, he is facing a lawsuit in Singapore filed by an affiliate of the Qatar Investment Authority.
Notably, this Qatari entity had invested in Byju's at a time when the company was undergoing workforce layoffs and cost-cutting measures. In this case, the law firm Drew & Napier is representing Qatar Holdings, while Fervent Chambers is representing Byju's Investments.
**Major Setback in US Court as Well**
Byju Raveendran suffered another major legal blow last year. A court in Delaware, USA, ordered him to repay US$1 billion to Byju's Alpha and the US-based entity, GLAS Trust Company LLC.
Acting on a petition filed by creditors, the court ruled that Raveendran was personally liable for the losses incurred. The court further noted that he had failed to comply with directives regarding the investigation and had repeatedly attempted to evade them.
In its ruling, the court stated: "The Court hereby enters a default judgment against the defendant, Raveendran... ordering the repayment of US$533 million, along with additional sums under various other counts, totaling US$546,471,109.29."