– Qatar Investment Authority (QIA) has approached the Karnataka High Court to compel Byju Raveendran to disclose and block the transfer of his personal assets
– QIA aims to claim up to $235.19 million of Raveendran’s personal assets
– QIA had previously invested in Byju’s and loaned Raveendran approximately $250 million
– QIA seeks an injunction to restrain Raveendran from dealing with his assets, a rare instance in investor-founder relations
– QIA has sought relief under the Arbitration and Conciliation Act, 1996
– Byju’s is facing financial troubles, including a proposed $200 million rights issue that may affect QIA’s stake
– Byju’s is also in dispute with overseas lenders and the BCCI over unpaid dues
– This legal action by QIA is a significant development in the ongoing financial troubles and legal battles surrounding Byju’s and its founder.