A Singapore court has sentenced Byju Raveendran, founder of edtech company BYJU’S, to six months in jail for contempt of court after he allegedly failed to follow multiple court orders related to disclosure of his assets, according to a Bloomberg report.
The court reportedly directed Raveendran to surrender to authorities, pay legal costs of 90,000 Singapore dollars (around $70,500), and submit documents proving his ownership of Beeaar Investco Pte, a company that held shares in a related entity.
Byju’s had not issued an official response to the report at the time of publication.
The ruling marks another setback for the embattled founder, who is facing legal and financial challenges from investors and lenders in several countries, including the United States. Creditors are attempting to recover losses linked to a troubled $1.2 billion loan.
The latest development comes months after the Delaware Court in the US reversed its earlier $1 billion judgment against Raveendran in December 2025 after reviewing new submissions filed through a correction motion related to a November 20 ruling.
The Delaware Court had observed that damages had not been properly assessed and ordered fresh proceedings to determine whether any compensation was payable.
Raveendran’s legal team had earlier alleged that GLAS Trust and lenders withheld or misrepresented important information during court proceedings, which they claimed contributed to the collapse of the edtech company and a decline in its enterprise value.