India Business News: Amrit Acharya & Srinath Ramakkrushnan’s Zetwerk is bringing order into India’s unpredictable and often chaotic industrial supply chains, with tech
In the latest dispute, MEMG Family Office, led by Ranjan Pai, in March initiated arbitration proceedings against Byju for allegedly not repaying its loans amounting to $42 million through a pre-agreed transfer of certain shares of a Byju s group company, Aakash Education.
MEMG has initiated an arbitration proceeding against Byju for allegedly not repaying its loan through a pre-agreed transfer of shares of its company, Aakash Education
During Thursday s proceedings, the NCLT noted that it would be a “blatant violation” of its interim order dated February 27 if Byjus has issued shares to investors for the rights issue before completion of the increase in authorised share capital.