Matter
Qatar Holding LLC v Byju’s Investments Pte Ltd and another (Singapore High Court OA 302/2024; [2026] SGHC 217)
Dispute arising from Qatar Holding’s US$150m financing of Byju’s Investments’ acquisition of Aakash shares, with consolidated SIAC arbitration and Singapore court proceedings concerning the award, asset disclosure, freezing orders, and contempt.
Procedural record
- 28 March 2024Arbitration
28 March 2024Arbitration
Emergency arbitrator’s orders dated 28 March 2024
Singapore International Arbitration Centre
- Decision summary
- The emergency arbitrator froze the respondents’ worldwide assets and required them to disclose their worldwide assets on affidavit.
Participants
Qatar Holding LLC
Byju’s Investments Pte Ltd
Byju Raveendran
Singapore International Arbitration Centre
1 year, 2 months and 1 day later · 427 days
- 29 May 2025Arbitration
29 May 2025Arbitration
Tribunal’s production order dated 29 May 2025
Singapore International Arbitration Centre
- Decision summary
- The arbitral tribunal ordered both respondents to produce nine categories of documents and information about their assets and to take specified steps to retrieve responsive material.
Participants
Qatar Holding LLC
Byju’s Investments Pte Ltd
Byju Raveendran
Singapore International Arbitration Centre
1 month and 15 days later · 46 days
- 14 July 2025Arbitration
14 July 2025Arbitration
Partial final award dated 14 July 2025
Singapore International Arbitration Centre
- Decision summary
- The arbitral tribunal ordered the respondents jointly and severally to pay Qatar Holding about US$235m with interest and reserved jurisdiction over continuing freezing relief and costs.
Participants
Qatar Holding LLC
Byju’s Investments Pte Ltd
Byju Raveendran
Singapore International Arbitration Centre
2 months and 16 days later · 78 days
- 30 September 2025Arbitration
30 September 2025Arbitration
Tribunal’s freezing order dated 30 September 2025
Singapore International Arbitration Centre
- Decision summary
- The arbitral tribunal continued the emergency arbitrator’s freezing order on an interim basis pending the respondents’ response, expressly encompassing the Aakash shares held by Beeaar Investco Pte Ltd.
Participants
Qatar Holding LLC
Byju’s Investments Pte Ltd
Byju Raveendran
Singapore International Arbitration Centre
1 year and 20 days later · 385 days
- 20 October 2026Singapore
20 October 2026Singapore
Judgment of the General Division of the High Court of Singapore in the case HC/OA 302/2024 (SUM 793/2026) dated 20 October 2026
General Division of the High Court of Singapore
- Citation
- [2026] SGHC 217
- Decision summary
- The court found Byju Raveendran guilty of contempt for intentionally breaching three Singapore court orders enforcing arbitral orders: freezing and asset-disclosure orders and a production order. It committed him to six months’ imprisonment, made consequential restoration and disclosure orders, ordered fresh disclosure and production, and awarded Qatar Holding LLC S$90,000 in costs.
Participants
- Application
- Application for an order of committal for contempt in HC/SUM 793/2026 — Granted
- Application
- Application in HC/SUM 1539/2026 to hear the committal proceedings in private, permit cross-examination, and adjourn the hearing — Dismissed
Qatar Holding LLC
- Representative
- Cavinder Bull SC (For: Qatar Holding LLC)
Byju’s Investments Pte Ltd
Byju Raveendran
- Representative
- Clarence Lun (For: Byju Raveendran)
- Representative
- Prakaash Silvam (For: Byju Raveendran)
General Division of the High Court of Singapore
- Judge
- Vinodh Coomaraswamy