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Byju's NCLT: NCLT refuses to stay Byju's EGM over $200 million rights issue

The stay was sought by investors of Byjus parent Think & Learn, led by Prosus, to block the rights issue. ....

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No stay on Bjyu's Friday EGM; reality check for laid-off startup CXOs

Four investors — led by Prosus — moved the NCLT, seeking a stay on the planned EGM to effectively block the rights issue. The matter will now be heard on April 4. ....

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NCLT asks Byju's to consider extending rights issue closure date | Business News

In a February 27 interim order, the NCLT said the funds received by the company in respect to the rights issue should be kept in a separate escrow account and it should not be withdrawn till the disposal of the matter. ....

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Edtech giant Byju's faces new NCLT challenge: Oppression, mismanagement suit filed by 4 investors

Byju s woes: Edtech giant Byju s faces a fifth legal challenge filed against it in the NCLT and the fourth filed in 2024 alone ....

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Investors Vs Byju's: What has been argued in NCLT so far?

The investors alleged that the company s move to call for rights issue is illegal and contrary to law and sought a stay of it, while the board of directors of the company argued that the investors were creating obstructions to the company ....

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