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Informist, Friday, Jun. 12, 2026

 

NEW DELHI – The General Division of the High Court of the Republic of Singapore has granted a stay on its six-month sentence and surrender provisions of the recent civil contempt order against Byju Raveendran, the suspended director of BYJU's parent company Think & Learn Pvt. Ltd. Raveendran is accordingly not required to surrender and no term of imprisonment takes effect, said the court. 

 

The case has its genesis from a default of a $150 million loan from Qatar Investment Authority to a Singapore investment firm, where Raveendran was the co-guarantor. BYJU's founder Raveendran was sentenced to six months in prison and ordered to pay costs in the case.

 

The court had found that Raveendran had wilfully disobeyed multiple orders issued since April 2024 relating to disclosure of financial assets, ownership structures, and related corporate entities. The court had held that the repeated non-compliance constituted civil contempt and interfered with the administration of justice. 

 

Raveendran's counsels said that there was an absolutely incorrect public narrative created post the selective verbal leak of the earlier order by the Singapore court falsely claiming an arrest warrant had been issued against BYJU's founder. A routine contract dispute for a loan that Raveendran had guaranteed for the benefit of Think & Learn has been twisted into a false narrative of an arrest warrant, said the lawyers.

 

Reacting to the development, Raveendran welcomed the stay granted by the Singapore Court. At a time when parties have been engaged in settlement discussions, it was unfortunate that a misleading impression of wrongdoing was created, said Raveendran. "Neither I nor any of the founders personally received any portion of the disputed funds. On the contrary, my family and I have put over 5,000 crore (INR 50 billion) of our personal wealth back into the company," said Raveendran.

 

The proceedings against Raveendran were started due to ongoing legal actions initiated by investors and lenders across jurisdictions following the financial distress and insolvency disputes involving BYJU's and its parent entity Think & Learn. In 2024, the Bengaluru bench of the National Company Law Tribunal had admitted a petition by the Board of Control for Cricket in India to start insolvency proceedings against Think & Learn.  End

 

Reported by Surya Tripathi

Edited by Akul Nishant Akhoury

 

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