New Trouble for Byju's: US Lenders Aim to Block $19M Payment to BCCI

US lenders are aiming to freeze assets of Riju Ravindran, a suspended director of Byju's, arguing his funds should pay them instead of India’s cricket board, BCCI. GLAS Trust Company, representing lenders owed $1.2 billion, requested a US bankruptcy judge to prevent Ravindran from paying BCCI over $19 million. Ravindran faces accusations of hiding $533 million. Judge John Dorsey criticized Ravindran's conduct, hinting lenders might soon win their case, potentially leading to a freeze on Ravindran’s bank accounts and blocking payments to BCCI.



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