New Delhi, April 28 -- The Karnataka High Court has dismissed Qatar Holding's plea seeking to restrain Byju's co-founder Byju Raveendran and Byju's Investments from transferring of assets worth $235 million, including shares in Aakash Educational Services Ltd (Aakash Institute), bringing relief to the embattled edtech founder.

The order, delivered by Justice Ashok S. Kinagi on 16 April and reviewed by Mint, held that Qatar Holding must pursue further remedies before the arbitral tribunal constituted under the Singapore International Arbitration Centre (SIAC) Rules.

Nonetheless, the high court granted partial interim relief to Qatar Holding by directing that the status quo regarding the alienation of the disputed shares be maintained for...