{"id":828741,"date":"2024-07-03T09:58:44","date_gmt":"2024-07-03T04:28:44","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=828741"},"modified":"2024-07-03T10:01:25","modified_gmt":"2024-07-03T04:31:25","slug":"karnataka-hc-sets-aside-nclt-stay-on-byjus-second-rights-issue","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/03\/karnataka-hc-sets-aside-nclt-stay-on-byjus-second-rights-issue\/","title":{"rendered":"Karnataka HC sets aside NCLT stay on Byju\u2019s second rights issue"},"content":{"rendered":"<p>The Karnataka High Court has set aside the National Company Law Tribunal (NCLT) order that restrained embattled edtech company Byju\u2019s from launching a second rights issue.<\/p>\n<p>Investors \u2014 Peak XV Partners, General Atlantic, and Prosus \u2014 had filed a plea in the NCLT to halt Byjus\u2019 second rights issue, as it would further dilute their holding in the company.<\/p>\n<p>Justice SR Krishna Kumar said he was sending the case back to the NCLT for fresh consideration. The detailed copy of the order is awaited. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Karnataka High Court has set aside the National Company Law Tribunal (NCLT) order that restrained embattled edtech company Byju\u2019s from launching a second rights issue. Investors \u2014 Peak XV Partners, General Atlantic, and Prosus \u2014 had filed a plea in the NCLT to halt Byjus\u2019 second rights issue, as it would further dilute their holding in the company. Justice SR Krishna Kumar said he was sending the case back to the NCLT for fresh consideration. The detailed copy of the order is awaited.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-828741","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/828741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=828741"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/828741\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=828741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=828741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=828741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}