कोशिश गोल्ड - मुक्त
Qatar Fund Moves HC to Seize Byju's Assets
Mint New Delhi
|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.
यह कहानी Mint New Delhi के August 26, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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