Edtech firm Byju’s founder Byju Raveendran said on Thursday he will present evidence in US courts to show that the contested $533 million was not “round-tripped” but used for the expansion of parent company Think & Learn.
Raveendran is preparing to appeal a US bankruptcy court order that directed him to pay more than $1 billion, ruling that he obstructed efforts to trace the $533 million that the edtech’s lenders alleged he had diverted from an American subsidiary.
The court ruled that Raveendran had ignored its orders and failed to…
