India, April 29 -- The Karnataka High Court has reportedly dismissed Qatar Holding LLC's petition, which sought to restrain troubled edtech startup BYJU'S' cofounder Byju Raveendran and BYJU'S Investments from transferring of assets worth $235 Mn, including shares in coaching chain Aakash.

As per Bar and Bench, Justice Ashok S Kinagi observed that Qatar Holding should approach Singapore International Arbitration Centre (SIAC) for any interim measures rather than Indian courts under Section 9 of the Arbitration and Conciliation Act, 1996.

Citing his rationale, Justice Kinagi said that an arbitral tribunal has already been constituted by the SIAC in the matter.

"The petitions are rejected; however, liberty is reserved to the petitioner t...