EdTech
Qatar Investment Authority moves Karnataka HC to enforce $235 million award against Byju Raveendran
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Qatar Investment Authority (QIA) has moved the Karnataka High Court seeking enforcement of a $235 million arbitral award against edtech firm Byju’s founder Byju Raveendran and his investment firm, Byju’s Investments Pte Ltd (BIPL).
The claim also has an interest component of 4% per annum, compounded daily, from February 28 last year until the payment is made. The accrued interest on the $235 million arbitral award now amounts to $14 million, as per a petition filed by Qatar Holding, a subsidiary of the sovereign wealth fund of Qatar, on August…
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