Qatar Fund Moves Karnataka HC To Enforce $235 Million Arbitral Award Against Byju Raveendran

The Qatar Investment Authority (QIA), through subsidiary Holding Qatar Holding LLC, has approached the Karnataka High Court seeking enforcement of a $235 million (₹2,183 crore) arbitral award against Byju Raveendran and his investment vehicle Byju’s Investments Pte. Ltd.

The dispute arose after a $150 million loan in 2022, personally guaranteed by Raveendran, was allegedly breached through the unauthorised transfer of Aakash Educational Services shares.

Following defaults, Qatar Holding terminated the financing and initiated arbitration in Singapore, which granted a global freezing order and directed repayment with 4% compounding interest.

The enforcement plea, filed on August 12, 2025, seeks recognition of the award, injunctions against asset transfers, and attachment of movable and immovable assets in India.