Tech
Karnataka HC restrains Byju Raveendran from alienating property assets
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The Karnataka High Court on Monday passed an interim order restraining Byju Raveendran, founder of troubled edtech firm Byju’s, and his investment firm, Byju’s Investments Pte Ltd (BIPL), from selling, mortgaging, or transferring any properties.
The court’s order followed a petition by Qatar Holding, a subsidiary of the sovereign wealth fund of Qatar, which is seeking to enforce a $235 million arbitral award against Raveendran and his investment firm.
The claim also has an interest component of 4% per annum, compounded daily, from February 28…
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