India, April 10 -- BYJU'S Alpha, the US-based special purpose finance vehicle of BYJU'S, has sued the edtech startup's founder Byju Raveendran, his wife and cofounder Divya Gokulnath and advisor Anita Kishore for allegedly 'misappropriating' $533 Mn in funds.

The lawsuit alleged that the three orchestrated and executed a lawless scheme to conceal and steal $533 Mn of loan proceeds.

This comes after the US bankruptcy Delaware court ruled in favour of the lenders of BYJU'S for fraudulent transfer of $533 Mn out of the $1.2 Bn term loan B extended to the startup.

"On the heels of the Delaware Bankruptcy Court's recent judgment against his brother and companies, this action is being brought to now hold Byju Raveendran and two more of his c...