EdTech
QIA Gets Interim Injunction Against Byju Raveendran
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SUMMARY
The Karnataka HC has ordered BYJU’S cofounder and CEO Byju Raveendran to not sell or transfer any of the assets mentioned in the QIA’s plea
The QIA moved the HC against Raveendran and his investment vehicle BYJU’S Investments Pte. Ltd (BIPL) last month, seeking enforcement of a $235 Mn arbitral award
This marks yet another legal defeat for the troubled startup, which is facing a number of legal cases in India and outside India
About a week after Qatar Investment Authority (QIA) moved the Karnataka High Court (HC)…
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