NCLT Halts Byju’s Second Rights Issue Amid Mismanagement Allegations

MIH Edtech Investments B.V. & Ors. Vs Think & Learn Pvt. Ltd. & Ors. (NCLT Bengaluru) The legal battle between MIH Edtech Investments B.V. & Ors. and Think & Learn Pvt. Ltd. & Ors. before the National Company Law Tribunal (NCLT) in Bengaluru under C.A. No. 71/2024 and C.A. No. 72/2024 highlights significant corporate governance issues and alleged violations of the Companies Act, 2013. These cases, filed under Section 242(4) of the Companies Act, involve accusations of oppression and mismanagement against the respondents. Detailed Analysis 1. Background and Allegations M...