Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Qatar Fund Moves HC to Seize Byju's Assets
Mint Chennai
|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.
Dit verhaal komt uit de August 26, 2025-editie van Mint Chennai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Chennai
Mint Chennai
Wealthy's ₹130-cr fundraise fuels bet on adviser-led wealth-tech
Even as DIY investing apps dominate headlines, a chunk of mutual fund money in India is still routed through human advisers.
2 mins
November 24, 2025
Mint Chennai
The failed crusade to keep a rare-earths mine out of China’s hands
A Western firm’s failure to build a China-free rare-earths supply shows Beijing's dominance of critical minerals
5 mins
November 24, 2025
Mint Chennai
Modi calls for Al pact to counter misuse
Prime Minister Narendra Modi on Sunday called for a global compact to prevent misuse of artificial intelligence (AI) and made a strong pitch for critical technologies to be human-centric, instead of finance-centric.
1 min
November 24, 2025
Mint Chennai
Labour codes could act as an economic catalyst
If enforced as envisioned, the four codes can yield a more secure workforce and strengthen India's economy. Employers should not just comply but also focus on their collective interest
2 mins
November 24, 2025
Mint Chennai
'GST 2.0 to push up car sales growth to 5%'
The passenger car industry is expected to log over 5% volume growth, driven by the recent GST 2.0 reforms, which have particularly boosted the demand for small cars, a top Stellantis India official has said.
1 min
November 24, 2025
Mint Chennai
Why activism is allergic to the middle ground of causes
Some days ago, Bill Gates did the sort of thing that infuriates powerful activists.
4 mins
November 24, 2025
Mint Chennai
OTTs reinforce legal teams as data privacy rules kick in
DPDP Act rules have been notified and a new data-protection board will oversee compliance
2 mins
November 24, 2025
Mint Chennai
Four labour codes: A new social compact for a competitive India
Worker security, enterprise agility and investor confidence should deliver faster and fairer growth
3 mins
November 24, 2025
Mint Chennai
Filings allege Meta hid causal proof of social media harm
Meta shut down internal research into the mental health effects of Facebook and Instagram after finding causal evidence that its products harmed users' mental health, according to unredacted filings in a class action by U.S. school districts against Meta and other social media platforms.
1 mins
November 24, 2025
Mint Chennai
Will realty keep the pre-sale pace?
Listed realty firms are banking on new launches to drive pre-sales in H2FY26.
2 mins
November 24, 2025
Listen
Translate
Change font size