Overview

• Qatar Holding filed an enforcement petition on August 12 seeking to treat the award as a court decree, block asset transfers by Byju Raveendran or BIPL, and permit attachment or sale of property in India.
• The SIAC tribunal issued its final award on July 14, 2025, directing immediate payment of $235 million plus 4% interest per year compounded daily from February 28, 2024, which QIA says has added about $14 million to date.
• The case traces to a $150 million September 2022 loan to BIPL, personally guaranteed by Raveendran, tied to Aakash shares that Qatar says were restricted from transfer and later moved in breach.
• An emergency arbitrator imposed a worldwide asset freeze in March 2024 that the Singapore High Court later confirmed; in April 2025 the Karnataka High Court declined sweeping restraints but briefly froze dealings in Aakash shares.
• In parallel proceedings, a Delaware bankruptcy court found Raveendran in civil contempt for failing to provide disclosures and set a potential fine of $10,000 per day, while BYJU’S parent Think & Learn is in insolvency-related processes.