Karnataka High Court reserves order on Byju's challenge to NCLT stay on rights issue

The judge expressed that he was not inclined to delve into the cross-allegations made by Byju's and its investors, but was only concerned with the correctness of the NCLT's interim order.
 Karnataka High Court, Byju's Logo
Karnataka High Court, Byju's Logo

The Karnataka High Court today reserved orders on a plea challenging the June 12 interim order passed by the National Company Law Tribunal (NCLT), Bengaluru restraining ed-tech firm Byju’s from going ahead with a second rights issue.

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