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Read More »“Byju’s Key Shareholders’ Meet Continues as Tribunal Denies Halt Petition”
The National Company Law Tribunal (NCLT) has declined investors' request to halt Byju's extraordinary general meeting (EGM), slated for March 29, despite ongoing legal challenges. The Bengaluru bench of the tribunal also dismissed the plea for an independent overseer, setting the stage for a crucial legal battle in the corporate world.
Read More »“Investors Claim Byju’s Diverted $533mn, Demand Stop to Rights Issue”
Allegations of financial impropriety have surfaced against India's prominent edtech giant, Byju's, as investors claim the company siphoned off a staggering $533 million to an obscure hedge fund in the United States. In response, investors are seeking a stay on Byju's $200 million rights issue, labeling it as illegal and in violation of established laws.
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