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Qatar Fund Moves HC to Seize Byju's Assets
Mint Mumbai
|August 26, 2025
Sovereign wealth fund is seeking enforcement of a $235 mn arbitral award
Adding to edtech founder Byju Raveendran's mounting legal woes, Qatar Investment Authority (QIA) has moved the Karnataka High Court, seeking enforcement of a $235 million (approximately ₹2,060 crore) arbitral award against him and his investment vehicle Byju's Investments Pte. Ltd (BIPL), along with more than $14 million (₹123 crore) in interest.
The petition, filed on 12 August by QIA's subsidiary Qatar Holding LLC, "seeks enforcement of the award as a decree of court, and issuance of an injunction against transfer of assets by Raveendran or BIPL, along with attachment / sale of their immovable and movable assets in India," QIA said in a press release.
In simple words, QIA has asked the Karnataka HC to treat the arbitration award like a court order, stop Raveendran and BIPL from moving any assets, and allow their properties in India to be seized and sold to recover the money.
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