Byju’s second rights issue: Karnataka HC sets aside NCLT interim order

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 beleaguered edtech firm Byju’s from launching a second rights issue.

Justice SR Krishna Kumar pronounced the decision on Tuesday afternoon, after having reserved orders in the matter last week, according to law platform Bar & Bench.