Rights issue row: Karnataka High Court directs Byju’s to maintain status quo

A Division Bench of the Karnataka High Court on Friday directed Byju’s to maintain status quo while the National Company Law Tribunal (NCLT) at Bengaluru reconsiders the question of whether the ed-tech firm should be restrained from proceeding with a second rights issue. The rights issue had been objected to by four investors who have accused Byju’s and its parent company, Think & Learn Private Limited, of oppression and mismanagement.