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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QIA Gets Interim Injunction Against Byju Raveendran


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)…



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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