يحاول ذهب - حر
HC Asks Qatar Firm to Take Byju's Plea to Arbitration
April 29, 2025
|Mint Mumbai
HC Orders Three-Month Status Quo in Byju's Transfer of Assets, Including Shares in Aakash
The Karnataka High Court has dismissed Qatar Holding LLC's plea seeking to restrain Byju's co-founder Byju Raveendran and Byju's Investments from transferring assets worth $235 million, including shares in Aakash Educational Services Ltd (Aakash Institute), bringing relief to the embattled edtech founder.
The order, delivered by Justice Ashok S. Kinagi on 16 April and reviewed by Mint, held that Qatar Holding LLC must pursue further remedies before the arbitral tribunal constituted under the Singapore International Arbitration Centre (SIAC) Rules.
The high court granted partial interim relief to Qatar Holding by directing that the status quo regarding the alienation of the disputed shares be maintained for three months.
The court said, "The petitions are rejected; however, liberty is reserved to the petitioner to apply either before the Emergency Arbitrator or the Arbitral Tribunal for interim relief. Meanwhile, the interim orders, undertaking, and status quo shall continue for three months."
هذه القصة من طبعة April 29, 2025 من Mint Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Mumbai
Mint Mumbai
Why are India's rich finally protesting for a better life?
They stood holding English placards, some of which even had commas.
4 mins
November 17, 2025
Mint Mumbai
Resilience spells hope as uncertainty reigns high
As trade-policy turmoil prolongs global uncertainty on an IMF index, we have some bright spots too. India should consider shifting focus from supply-side policies to demand stirrers
2 mins
November 17, 2025
Mint Mumbai
DO YOU OWN PAPER OR GOLD? THE CRITICAL FINE PRINT ON SGBS
Ow Bertie is quite chuffed that he owns Sovereign Gold Bonds (SGBs).
2 mins
November 17, 2025
Mint Mumbai
Financial sector’s report card reveals regulatory gaps
The quinquennial report cards on India’s financial sector have been issued and they present a disturbing picture.
3 mins
November 17, 2025
Mint Mumbai
NEW WAVE OF TECH IPOs LEAVES RETAIL INVESTORS AT RISK
The Indian stock markets are bracing for another wave of what the fashionable set calls 'digital IPOs'.
3 mins
November 17, 2025
Mint Mumbai
COP30 likely to draft new fossil fuel paper
The document may present a road map for transition to a cleaner mode
1 mins
November 17, 2025
Mint Mumbai
'India shaping development paths'
India has demonstrated that economic growth and social inclusion can advance together and it is helping translate its success stories into global lessons for a more equitable world, a top official of the United Nations Development Programme (UNDP) said.
1 min
November 17, 2025
Mint Mumbai
Satellite internet firms may see fee cut for remote areas
Discount would apply to 5% annual spectrum charge that DoT plans to levy on the firms
2 mins
November 17, 2025
Mint Mumbai
The right to privacy
A stable door being bolted after the horses have fled? This view of India’s privacy law may seem justified, given that rules under the Digital Personal Data Protection Act of 2023 were notified only last week, more than eight years after the Supreme Court deemed privacy a fundamental right under the Indian Constitution.
1 min
November 17, 2025
Mint Mumbai
WHY NITISH KUMAR STILL RULES BIHAR’S CHESSBOARD
It was a bright morning towards the end of 2009. Vapours were visible from our cups filled with hot tea at our hotel. We were sitting with a close confidant of Nitish Kumar. I asked him what was the secret of his leader's success? He replied, “on the chessboard of politics Nitish babu, like a knight, can move two and half paces forward and backward simultaneously. His right hand is unaware of what his left hand is about to do?’
3 mins
November 17, 2025
Listen
Translate
Change font size