Qatar Holding has filed a fresh enforcement plea before the Karnataka High Court seeking to protect assets of Byju Raveendran and pursue dues arising from arbitration proceedings involving the founder of Byju's. According to the latest plea, Qatar Holding is seeking enforcement of a July 2026 final award issued in Singapore and asking the court to restrain dealings in assets until the liabilities claimed by Qatar Holding are discharged.
The July 2026 award seeks SGD 7.2 million from Byju Raveendran and Byju's towards amounts arising from the latest arbitration award. However, the larger amount at the centre of the asset-protection proceedings is a liability of $235.19 million arising from an earlier 2025 award. As part of the fresh proceedings, Qatar Holding is specifically seeking restraint on 17.89 million shares of Aakash Educational Services held by Beeaar Investco, which the plea states is 100% wholly owned by Byju Raveendran. The award also includes SGD 7.2 million in arbitration costs, bringing the total claimed amounts to over ₹53 crore in Indian currency equivalent. According to the latest reports, the plea specifically notes that Beeaar Investco is 100% wholly owned by Byju Raveendran and that the Aakash shares were "beneficially owned" by Raveendran.
The plea seeks continued protection over assets until the $235.19 million liability is paid, with Qatar Holding also demanding a full disclosure of Byju Raveendran's assets on oath. According to the application, the petitioner is seeking the appointment of a receiver over Raveendran's assets and properties as the creditor continues its efforts to enforce the arbitration awards. The plea further seeks restraint on the Aakash shares, which were previously attached in September 2025, and an order preventing Raveendran and entities associated with him from dealing with the identified assets until the $235.19 million liability is discharged.
The latest application comes against the backdrop of earlier proceedings before the Karnataka High Court concerning the same dispute. As reported, the court had previously restrained Byju from dealing with certain assets, while the 17.89 million Aakash shares were attached in September 2025. The July 2026 award also adds SGD 7.2 million in arbitration costs, bringing the total claimed amounts to over ₹53 crore in Indian currency equivalent. The fresh plea represents Qatar Holding's continuing efforts to enforce the arbitration awards and secure recovery of the amounts claimed from Raveendran and Byju's.
