A US judge fined Riju Ravindran, a suspended director of Byju's, $10,000 per day until he helps find $533 million allegedly hidden from US lenders.
The dispute centers around the missing funds, which lenders claim are owed after Byju's defaulted on a $1.2 billion loan. Ravindran and other directors were replaced by a trustee in an involuntary bankruptcy case in India. The case highlights ongoing financial troubles for the once-celebrated Indian ed-tech company, accused of fraudulently transferring the funds away from a US-based shell company.