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This comes days after Byju's launched a rights issue to raise USD 200 million from existing shareholders.

Get latest articles and stories on India at LatestLY. Around six investors in Think and Learn Private Limited, which operates under BYJU's brand, have called for an extraordinary general meeting to address issues at the edtech major and oust founders from having control over the firm, sources aware of the development said. India News | BYJU's Investors Seek Ouster of Founders.

The NCLT however opined that arbitration may not come in the way of an insolvency proceedings initiated by BCCI. Byju's however contended that there are both questions of law and fact involved in the dispute that could be adjudicated only through arbitration.

The NCLT noted that the case is 'high profile' and it should be heard at the earlier possible date and adjourned the hearing of the case in January.

Embattling edtech unicorn Byju's parent company Think and Learn Private Limited will hold its 11th annual general meeting on December 20, as it faces myriad of issues amid severe cash crunch.The meeting has been called to approve and adopt the ...