NCLT Refuses To Defer Byju's EGM To Raise Capital Via Rights Issue

Thursday, 28 March 2024
Last month, the NCLT directed Byju's to keep funds received from the rights issue in an escrow account till the disposal of the case.

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NCLT refuses to stay Byju's EGM on rights issue

NCLT refused stay on Byju's EGM for $200M rights issue. Need 50% votes to raise share capital. Cash crunch causing salary delays. Court-approved fund stay....
IndiaTimes on March 28, 2024

Byju's gets a sigh of relief, NCLT refuses to defer EGM over rights issue

The court also cited a Supreme Case judgment to conclude that since the only objective is to increase the authorised capital for the rights issue, there is no...
DNA on March 28, 2024

NCLT refuses to stay Byju’s EGM on rights issue

IndiaTimes on March 28, 2024

NCLT Refuses To Defer Byju's EGM To Raise Capital Via Rights Issue

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