K’taka HC Quashes Qatar Holding’s Plea Against Byju Raveendran

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SUMMARY

The HC observed that Qatar Holding should approach SIAC for any interim measures rather than Indian courts as the tribunal is already hearing the matter

However, the HC ordered that interim orders, undertakings and status quo arrangements will continue to remain in place for three months to safeguard Qatar Holding’s interests

Qatar Holding had extended $150 Mn to BYJU’S Investments Pte Ltd in September 2022 to finance part-acquisition of Aakash but later claimed a default citing troubles at BYJU’S

The Karnataka…



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K’taka HC Quashes Qatar Holding’s Plea Against Byju Raveendran


SUMMARY

The HC observed that Qatar Holding should approach SIAC for any interim measures rather than Indian courts as the tribunal is already hearing the matter

However, the HC ordered that interim orders, undertakings and status quo arrangements will continue to remain in place for three months to safeguard Qatar Holding’s interests

Qatar Holding had extended $150 Mn to BYJU’S Investments Pte Ltd in September 2022 to finance part-acquisition of Aakash but later claimed a default citing troubles at BYJU’S

The Karnataka…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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