Rights issue row: Karnataka High Court directs Byju's to maintain status quo

A Bench of Chief Justice NV Anjaria and Justice KV Aravind passed the order today after both Byju's and its warring investors were agreeable to an interim status quo order until the NCLT decides on the rights-issue row.
Karnataka High Court, Byju's
Karnataka High Court, Byju's

A Division Bench of the Karnataka High Court on Friday directed Byju's to maintain status quo while the National Company Law Tribunal (NCLT) at Bengaluru reconsiders the question of whether the ed-tech firm should be restrained from proceeding with a second rights issue.

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