Byju’s Dodges a Bullet as NCLT Denies Delay to Key Meeting 

Squeezed out yet Byju’s suffered a ray of hope as the National Company Law Tribunal NCLT refused to delay a vital shareholders meeting destined to take place in the near future.

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Byju’s Dodges a Bullet as NCLT Denies Delay to Key Meeting

Squeezed out yet Byju’s suffered a ray of hope as the National Company Law Tribunal NCLT refused to delay a vital shareholders meeting destined to take place in the near future.

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Furthermore, the so-called multi-billion startup is tackling significant cash flow problems, so it wants to raise billions in another rights issue.

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With its back against the wall, any delay in convening the meeting could have spelt disaster for Byju’s massive restructuring efforts.

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Byju’s had addressed emails to the shareholders as well as prepares to take the meet which is expected to be conducted.

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This has invited marquee investors like the MIH Edtech and General Atlantic who have approached NCLT to intervene and defer the meeting.

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In response, Byju’s argued it had provided inspection opportunities and served notices as required by law.

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