Karnataka High Court sets aside NCLT stay on second rights issue by Byju's

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Karnataka High Court sets aside NCLT stay on second rights issue by Byju's - Business Standard

Quick Summary:

According to industry sources, the legal battles are expected to adversely impact the edtech firm’s ability to run its operations, pay the pending amount to the vendors, as well as salaries to the employees.

The orders of NCLT were expected to be challenged before the National Company Law Appellate Tribunal (NCLAT).

However, Byju’s has filed a writ petition in the Karnataka High Court, which is usually filed against the violation of fundamental rights.