QIA Seeks To Enforce $235 Mn Arbitral Award Against Raveendran

The arbitral sum has been sought with an additional interest of 4% per annum, compounding daily, which currently amounts to $14 Mn

The QIA has urged the HC to treat the arbitration award akin to a court order, stop Raveendran and BIPL from moving any assets and seize the assets for sale

Qatar Holding, which had extended a $150 Mn loan to BYJU’S in 2019, terminated the transaction in February 2024 and demanded early repayment of $235 Mn

Qatar Investment Authority (QIA) has moved the Karnataka High Court (HC)…