BYJU'S siphoned off $533 million, claim investors; NCLT reserves order on rights issue
Investors allege that BYJU'S move to call for rights issue is illegal
Source: theweek.in
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Investors allege that BYJU'S move to call for rights issue is illegal
Lenders to one of India’s hottest tech startups, Byju’s, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education-technology provider, the firm’s lawyer told a judge.
Last week on Friday, the commission issued a summons to Byju's CEO Byju Raveendran.