A filing in the Delaware Bankruptcy Court has alleged that the missing $533 million from Byju’s Alpha — the US-based entity now controlled by the edtech firm’s term loan B lenders — was “in effect, roundtripped right back to Byju Raveendran and his affiliates.”

The Founders of Think & Learn Pvt Ltd, the parent company of Byju’s, denied the allegations outright in a statement issued on November 17.

The latest filing was submitted as Byju’s Alpha sought court approval for a proposed settlement with OCI Ltd, the UK-based procurement firm that received most of the disputed funds. As part of the settlement process, OCI founder Oliver Chapman submitted a sworn declaration “itemising down to the cent” how the Alpha funds were used after being transferred to OCI.

According to the filing, the mo

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