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

Justice SR Krishna Kumar pronounced the decision this afternoon, after having reserved orders in the matter last week.
 Karnataka High Court, Byju's Logo
Karnataka High Court, Byju's Logo

The Karnataka High Court on Tuesday set aside a June 12 interim order passed by the National Company Law Tribunal (NCLT), Bangalore which had restrained ed-tech firm, Byju’s from going ahead with a second rights issue.

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