KARNATAKA HIGH COURT
QATAR HOLDING LLC – Appellant
Versus
BYJUS INVESTMENTS PTE LTD – Respondent
CAV ORDER
These petitions are filed under Section 9 of the Arbitration and Conciliation Act, 1996 read with Rule 9 of the Arbitration(Proceedings before the Court) Rules, 2001.
2. The Petitioner is a company duly incorporated under the laws of Qatar and has its principal place of business at the address as mentioned in the cause title. The Petitioner makes investments in companies world wide with the objective of capital formation for the investee companies, to generate long-term capital appreciation for itself. The petitioner entered into a Cash-Settled Option Transaction pursuant to a long-form confirmation letter dated 7th September, 2022 with respondent No. 1 to part-finance the acquisition by the letter of 17,891,289 equity shares ("Aakash Shares") of a public limited company named Aakash Educational Services Limited having its registered office at Bengaluru (Aakash).
2.1. Respondent No. 1 is a company incorporated under the laws of Singapore. Respondent No. 1 is an investment vehicle of Respondent No. 2; it is a wholly- owned subsidiary of Byju's Global Pte. Ltd., an entity registered under the laws of Singapore ("Global"), in which Respondent No. 2 is the sole shareholder. Resp
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