Monday, 25 August, 2025
Qatar Investment Authority Moves Karnataka HC to Enforce $235M Arbitral Award Against Byju Raveendran
The Qatar Investment Authority (QIA) has filed a petition in the Karnataka High Court to enforce a $235 million Singapore arbitration award against Byju Raveendran and Byju’s Investments Pte Ltd (BIPL). The claim includes $14 million in accrued interest (compounded daily at 4%) since February 2024. Qatar alleges Raveendran breached loan terms by transferring pledged Aakash shares and seeks court authority to freeze, attach, or sell his and BIPL’s Indian assets.
Read full story at Economic Times