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Maroc Maroc - Times of India - Business - 22/Nov 03:14

US court enters $1 billion default judgment against Byju Raveendran

A US bankruptcy court has slapped Byju Raveendran with a default judgment exceeding $1.07 billion. This severe penalty stems from his repeated failure to comply with court orders regarding discovery in a case alleging fraudulent transfer of company funds. The court cited a "pattern of delay and obfuscation" as justification for the substantial award.

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