🚨 *The walls are narrowing down on Byju’s* 🚨 US court says Byju’s defrauded investors 1️⃣ Byju’s is responsible for orchestrating and executing an unlawful scheme that defrauded the investors through the wrongful transfer of money, according to a ruling made by the United States Bankruptcy Court in Delaware in the long-running legal battle. 2️⃣ The judgment has come against Byju’s parent company, Think & Learn Private Limited, director Riju Raveendran, the US arm of Byju’s Alpha and Camshaft Capital (where funds were transferred). Damages related to the ruling are expected to be awarded later in the case by term loan B (TLB) lenders, who gave $1.2 billion to Byju’s in 2022. Sequence of events: https://bit.ly/3XjKB15