Karnataka HC reserves order on edtech firm Byju’s second rights issue

The Karnataka High Court on Thursday reserved its order on Byju’s challenge against the National Company Law Tribunal (NCLT) Bengaluru ruling, which restrains the ed-tech firm from proceeding with a second rights issue.

The tribunal on June 12 had instructed Byju’s to maintain the status quo regarding existing shareholders and their shareholding. Byju’s had appealed against the order in the High Court.