NCLT refuses to defer BYJU'S EGM over $200-million rights issue
National Company Law Tribunal (NCLT) on Thursday refused to defer troubled edtech startup BYJU'S extraordinary general meeting (EGM) scheduled for March 29 (Friday). The EGM is set to include a vote on increasing BYJU'S' authorised share capital related to the $200-million rights issue. BYJU'S investors had moved NCLT seeking a stay on the EGM and to block the rights issue.