National Company Law Tribunal (NCLT) Archives

Byju’s shareholders approved the rights issuance

RatnavaliApril 16, 2024April 16, 202403 mins

Byju’s can breathe a sigh of relief as the majority of shareholders in the edtech firm have given their nod to the resolution, allowing the company to boost its authorized share capital by absorbing $200 million raised through a rights issue. However, it’s worth noting that a faction of investors opposed the Extraordinary General Meeting…

Byju’s may miss March 10 salary deadline for 20,000 employees due to stuck funds

RatnavaliMarch 10, 2024May 24, 202403 mins

Byju’s, the troubled edtech giant based in Bengaluru, is grappling with a pressing payroll dilemma as it grapples to fulfill its financial commitments. With over 20,000 employees eagerly anticipating their February salaries, the company is on the verge of missing the March 10 deadline due to complications stemming from its recent rights issue. As per…