Byju's vs Investors: A Battle of Titans

Byju's, the embattled edtech giant, is locked in a fierce dispute with its investors, leading to a legal showdown at the National Company Law Tribunal (NCLT). The company has filed an application seeking arbitration, citing a clause in its agreement with investors. However, dissenting investors, including Peak XV Partners, General Atlantic, and Prosus, have raised serious allegations of rule violations against Byju's parent company, Think and Learn. The investors claim that Byju's breached NCLT orders by allotting shares without increasing authorized capital and failing to provide proper document inspection. Byju's, on the other hand, denies any wrongdoing and vows to defend its actions. The NCLT has directed both parties to submit responses, with the case set to be heard on April 23. This legal battle underscores the high stakes involved in the edtech industry, where investor funding and corporate governance clash in a high-stakes game of power and control. Stay tuned as the Byju's saga unfolds in the courtroom, shaping the future of India's booming edtech sector.