Byju Raveendran—Byju Raveendran held in civil contempt by US bankruptcy court for failing to appear and submit evidence
The US Bankruptcy Court in Delaware held Byju Raveendran in civil contempt for failing to appear before the court and submit evidence on time in the $533 million fraud case. Raveendran was ordered to pay $10,000 per day for each day he remained in contempt. He skipped hearings, missed extended deadlines, and provided evasive and incomplete responses regarding the alleged transfers. A default judgment of over $1.07 billion was subsequently issued in November 2025, though it was later amended to set a new damages phase for January 2026.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Corporate Transparency | -against | primary | -1.00 |
| Overall incident score = | -0.858 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.57)
Evidence (1 signal)
US Bankruptcy Court held Byju Raveendran in civil contempt with $10,000 per day sanctions
The US Bankruptcy Court in Delaware held Byju Raveendran in civil contempt for failing to appear before the court and submit evidence on time. He was ordered to pay $10,000 for each day he remained in contempt. A subsequent default judgment of over $1.07 billion was issued in November 2025, though it was later amended to set a new damages determination phase for January 2026.