The Qatar Investment Authority (QIA), by its subsidiary Qatar Holding LLC, has stepped up its authorized battle against Byju Raveendran and his funding arm Byju’s Investments Pte. Ltd. (BIPL) by shifting the Karnataka High Court to enforce an arbitral award value $235 million, it stated in an announcement on Monday (August 25, 2025).
The arbitral sum, roughly ₹2,060 crore, was sought with curiosity at 4% every year, compounding each day, accruing from February 28, 2024 to the date of fee. Such curiosity at present quantities to over $ 4 million, some ₹123 crore, as per the QIA communique.
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“The enforcement petition is a concerted effort to reclaim cash that’s lawfully owed below contract. Armed with a worldwide freezing order and parallel proceedings being pursued in a collection of jurisdictions, the sovereign wealth fund appears to be like to be pursuing all avenues of redress open to it so as to maintain Mr. Raveendran and his entities accountable.’‘ said QIA in a statement.
According to QIA, the dispute dates back to September 2022, when Qatar Holding extended $150 million in financing to BIPL. The loan was personally guaranteed by Byju Raveendran, the co-founder and principal shareholder of Think & Learn Pvt. Ltd, the holding entity of BYJU’s, the troubled Edtech agency.
The funds have been used to half finance the acquisition of 17,891,289 shares in Aakash Educational Services Ltd., and there was an categorical restriction against transferring these shares. In breach of the settlement, the shares have been later transferred to one other Singapore-based company entity managed by Mr. Raveendran, it stated.
Following repeated defaults, Qatar Holding terminated the financing association and demanded early reimbursement of $235 million. However, Both BIPL and Mr. Raveendran failed to meet their respective obligations below the contract and the private assure, it added.
In March 2024, Qatar Holding commenced arbitration in Singapore. The Emergency Arbitrator ordered a global freezing order on BIPL’s and Mr. Raveendran’s funds and property, upto a worth of $235 million, in the specter of dissipation of property. The Singapore High Court subsequently confirmed the award and the global freezing order.
On 14 July 2025, the ultimate award was made by the arbitral tribunal to order the fee of $235 million to Qatar Holding instantly, and an rate of interest of 4% from February 2024, compounding each day. The curiosity so accrued has already exceeded $14 million and therefore will increase the overall obligation greater than $249 million (approx. ₹2,183 crore), QIA elaborated.
On enforcement in India, the corporate defined that the Qatar Holding had filed an enforcement petition on August 12 2025, earlier than Karnataka High Court. The petition sought enforcement of the award as a decree of courtroom, and issuance of an injunction against switch of property by Mr. Raveendran or BIPL, together with attachment/sale of their immovable and movable property in India.
QIA’s enforcement motion is the most recent in a collection of accelerating global judicial examinations going through Mr. Raveendran. In the U.S., he has been held in contempt of courtroom in chapter hearings and directed to pay $10,000 (₹8.7 lakh) a day till he makes disclosures which might be required. There have been claims of disappearance of $533 million in a $1.2 billion mortgage taken by a subsidiary of Think & Learn (i.e. BYJU’S). Public accounts additionally reference his belligerent feedback, together with assertions that the lacking cash was “someplace the lenders won’t ever discover,’‘ the QIA statement further alleged.
In the meantime, his own company that he started, BYJU’s, continues its insolvency battle, with stakeholders blaming its disaster on senior-level mismanagement.
