NCLAT dismisses plea filed by foreign investors against edtech giant Byju’s

The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) on Monday dismissed a petition filed by a group of foreign investors of the beleaguered edtech giant Byju’s against the company.

The investors approached NCLAT against Think & Learn Pvt Ltd owned Byju’s, claiming the company failed to comply with the National Company Law Tribunal (NCLT) orders in the ongoing proceedings over oppression and mismanagement within the company [MIH Edtech Investments and Ors. v. Think and Learn Pvt Ltd]