Mumbai, Aug. 18 -- The Karnataka High Court admitted a fresh plea by Qatar Holding LLC against debt-laden edtech firm Byju's, seeking to enforce a SGD 7.2 million ( Rs.53 crore) arbitration award against founder Byju Raveendran and his company Byju's Investments Pvt. Ltd (BIPL) in July.

Qatar Holding, an affiliate of the country's sovereign wealth fund, is also seeking to enforce an earlier award by the Singapore International Arbitration Centre asking Raveendran and his Singapore-based investment vehicle BIPL to pay the fund over $235 million. The amount carries interest at 4% a year, compounded daily from 28 February 2024.

The latest plea pertains to the payment of SGD 7.2 million towards arbitration costs and the freeze on assets of ...