Allegations of Mismanagement in Think and Learn Pvt Ltd ( Byju’s ): NCLT directs to Halt Second Rights Issue [Read Order]

The NCLT restrained the Byju’s from going ahead with the present rights issue which is in progress till the disposal of the main petition.
Allegations of Mismanagement - Think and Learn Pvt Ltd - Byjus - NCLT - Halt Second Rights Issue - taxscan

The National Company Law Tribunal ( NCLT ) has directed Byju’s to halt the company’s controversial second rights issue. The Tribunal directed to maintain the status quo while dealing with the case regarding allegations of mismanagement in Think and Learn Pvt Ltd( Byju’s ). The petitioner, M/s. MIH Edtech Investments B.V. & Ors contended that…

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