" A lawsuit launched in Delaware by a group of more than 100 creditors to recover $533mn of the $1.2bn syndicated loan to Byju’s secured in November 2021 has re

" A lawsuit launched in Delaware by a group of more than 100 creditors to recover $533mn of the $1.2bn syndicated loan to Byju’s secured in November 2021 has revealed disorganisation at the edtech company. Earlier this year, Raveendran’s brother Riju struggled to explain to a US judge that he did not know the whereabouts of $533mn of the loan. Riju, who was the sole director of US-based Byju’s Alpha, a company created to receive loans, said in May: “I really don’t know where the money is.” Riju, who lives with Raveendran and his wife Divya Gokulnath, the company’s husband-and-wife co-founders, in Dubai’s affluent Emirates Hills community, said he had sent emails asking them where the money was."