New Delhi: Edtech firm Byju’s founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt after allegedly failing to comply with multiple court orders related to his assets, a report has said.
Bloomberg reported that the Singapore court directed Raveendran to surrender to authorities, pay legal costs of SG 90,000 (USD 70,500) and furnish documents proving his ownership of Beeaar Investco Pte, a corporate entity that held shares in a related company.
The development marks the latest setback for the embattled founder, who is facing legal and financial scrutiny from investors and lenders across multiple jurisdictions, including the US, where creditors are seeking to recover losses tied to a soured $1.2 billion loan.
The legal action in Singapore has been initiated by a subsidiary of Qatar Investment Authority, which had invested in the company during a period when Byju’s was cutting jobs and restructuring operations, according to the report.
Moreover, Qatar Holdings was represented by law firm Drew & Napier, while Byju’s Investments was represented by Fervent Chambers in the matter.
The development comes months after the Delaware Court in December 2025 reversed its earlier $1 billion judgment against Raveendran after reviewing fresh submissions filed through a motion seeking correction of a November 20 ruling.
The Delaware Court had then observed that damages had not been properly determined and ordered a fresh phase of proceedings to decide whether any damages were owed.
Raveendran’s legal team had alleged that GLAS Trust and lenders withheld or misrepresented key information during proceedings, which they claimed contributed to the collapse of the edtech business and erosion of enterprise value.
Byju Raveendran responds after Singapore court sends him to 6-month jail (Lead)
Raveendran responds
In response to the court order, Raveendran said settlement discussions with lenders, including GLAS Trust and Qatar Investment Authority (QIA), and other stakeholders were already at an advanced stage, with only a few residual minor issues left to be resolved.
“I am disappointed that the recent Singapore court matter has been pursued and reported in a manner that creates a misleading impression about me, especially at a time when all key parties have almost concluded the settlement discussions,” he said in a statement.
According to Raveendran, parties involved in the settlement discussions had acknowledged that there was no wrongdoing on his part or on the part of other founders.
“That is why it is deeply unfortunate that this matter is being used to create a contrary public narrative at this sensitive stage,” he added.
Raveendran further claimed that he had not actively contested several court proceedings in recent months as parties were working towards a comprehensive settlement.
“I chose resolution over confrontation,” he said.
He alleged that QIA’s decision to continue pursuing the matter appeared to be an unnecessary pressure tactic.
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