Overview
- Justice R. Nataraj granted an interim injunction restraining Raveendran, Byju’s and related entities from alienating, encumbering or transferring the assets named in QIA’s petition until the next hearing.
- The enforcement move follows a July 2025 SIAC partial award directing Raveendran and Byju’s Investments Pte Ltd to pay $235 million with interest at 4% per year.
- QIA’s plea seeks recognition of the foreign award, full disclosure of assets, attachment of properties and appointment of a receiver to satisfy the debt.
- Byju’s lawyer Rishabh Gupta asked for more time to file objections, stating the petition had not yet been served, and the court listed the matter for further hearing on Wednesday.
- QIA says a 2022 $150 million loan personally guaranteed by Raveendran and tied to restricted Aakash shares was breached when those shares were shifted to a Singapore entity.