BENGALURU: The Delaware Bankruptcy Court has entered a default judgment of more than $1.07 billion against Byju Raveendran, after finding that the edtech founder repeatedly failed to comply with court-ordered discovery in the Byju’s Alpha adversary proceeding. A default judgment is a ruling issued when a party does not participate in the litigation or ignores court orders, allowing the court to decide the case without a trial.The ruling, issued on November 20 and reviewed by TOI, awards $533 million in damages for what the court described as fraudulent transfer of Byju’s Alpha’s funds in 2022, and another $540.6 million tied to the transfer of the debtor’s interest in Camshaft Capital Fund, a US hedge fund. The court also ordered Raveendran to provide a “full and accurate accounting” of the Alpha Funds and any proceeds that flowed from subsequent transactions.Judge Brendan Shannon wrote that the relief granted was “extraordinary” but justified, citing what he called an “extensive and repeated pattern of delay and obfuscation.” The order recounts multiple missed deadlines, incomplete filings, non-appearances, and non-payment of earlier sanctions, including a $10,000-per-day fine imposed in July for civil contempt.The adversary case was brought by Byju’s Alpha Inc., the US unit currently in Chapter 11 bankruptcy, along with GLAS Trust, the loan agent that now controls the debtor. They allege that more than half a billion dollars was “spirited away” from the company and routed through various entities beyond the reach of creditors. Raveendran has denied wrongdoing in earlier filings and has argued that discovery requests were improper or unnecessary; the court rejected those objections.The judgment comes alongside a separate filing earlier this week in which the bankruptcy estate submitted a sworn declaration from UK businessman Oliver Chapman, describing how the disputed funds allegedly moved through his firm, OCI Limited, before being routed to a Singapore entity the debtor claims was linked to Raveendran. That motion seeks court approval for a settlement with Chapman and marks the most detailed account yet submitted to the court on the alleged movement of the Alpha Funds.