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Karnataka HC bars Byju Raveendran from selling assets
Mint Kolkata
|September 02, 2025
The order follows Qatar Holdings Llc's plea seeking enforcement in India of a $235 million arbitral award
The Karnataka high court (HC) has barred Byju Raveendran, founder of the troubled edtech firm Byju's, from selling or transferring any assets, in yet another setback for the once-celebrated startup. The order follows a petition by Qatar Holdings Llc, seeking enforcement in India of a $235 million arbitral award.
Qatar Holdings, a subsidiary of Qatar Investment Authority (QIA), had lent $150 million to Byju's in 2022 when the company was looking to invest in test-prep firm Aakash Institute.
Cette histoire est tirée de l'édition September 02, 2025 de Mint Kolkata.
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