India's Legal Rules Thwart U.S. Judgment Enforcement Efforts

The U.S. legal system's reach into Indian markets remains a contentious battleground, as highlighted by two recent high-stakes rulings. A Delaware bankruptcy court's $1.07 billion default judgment against Byju Raveendran, founder of edtech firm Byju's, faces significant enforcement hurdles in India due to non-reciprocating territory rules under the Civil Procedure Code. The judgment, issued after Raveendran failed to comply with discovery orders in a dispute over Alpha-GLAS Trust funding, underscores the complexities of cross-border debt recovery. Legal experts note that India's strict Section 13 requirements for recognizing foreign judgments-particularly those rendered without a full trial-will likely force creditors to initiate a new civil suit, where the judgment serves only as evidence rather than a binding order. This procedural barrier, compounded by Raveendran's plans to appeal, could delay any meaningful asset recovery for years.

Meanwhile, Tata Consultancy Services (TCS) faces a $194 million damages ruling from the U.S. Fifth Circuit Court of Appeals in its ongoing trade secrets dispute with DXC Technology. While the appeals court upheld the damages award, it vacated an injunction, sending it back for reassessment. TCS, which has previously cited the case as a matter of defending its reputation, now must navigate a protracted legal process. The ruling highlights the growing scrutiny of intellectual property disputes in the global IT sector, where cross-border litigation often tests the limits of jurisdictional cooperation.

In a separate development, Binance's Alpha platform announced a full refund of Alpha Points to users affected by a technical error during a Kyuzo's Friends (KO) airdrop event. The incident, which incorrectly marked tokens as claimed, underscores the operational risks inherent in blockchain-based rewards systems. Binance's swift response-refunding without deductions-aims to maintain user trust in its decentralized finance (DeFi) ecosystem.

Amber International Holding Limited reported robust third-quarter 2025 results, with client assets on its platform surging 69.8% year-over-year to $1.84 billion. The firm attributed its growth to high-margin wealth management solutions and expanded trading volumes. However, its share repurchase program, authorized for $300 million by 2026, signals a strategic pivot toward capital efficiency amid competitive pressures in the fintech sector.

The U.S. defense industry also saw major news, as Boeing secured a $4.7 billion contract to build 96 AH-64E Apache helicopters for Poland reflecting growing demand for advanced military capabilities in Eastern Europe. Deliveries set to begin in 2028 will require extensive collaboration with local Polish industries under an offset agreement, highlighting the geopolitical dimensions of defense procurement.