Byju’s to go ahead with rights issue after NCLT defers decision on investors’ plea; but there’s a catch | India Business News – Times of India

Byju’s to go ahead with rights issue after NCLT defers decision on investors’ plea; but there’s a catch | India Business News – Times of India

MUMBAI: The National Company Law Tribunal (NCLT) on Tuesday reserved its judgement on the plea filed by a few of Byju’s investors seeking the court’s intervention to declare the firm’s rights issue as void and the founders as unfit to run the company, citing oppression and mismanagement. This essentially allows the company to go ahead…

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