[ad_1] MUMBAI: The National Company Law Tribunal (NCLT), in an interim order, has directed Byju’s management to keep the funds received as part of the rights issue in a separate escrow account. The court specified that the funds should not be withdrawn until the disposal of the oppression and mismanagement suit filed by investors against…
[ad_1] NEW DELHI: In a recent turn of events, a Singapore arbitrator has reportedly agreed to let Zee Entertainment ask National Company Law Tribunal (NCLT) to enforce a $10 billion merger with Sony‘s India unit that was scrapped by the Japanese firm.According to Reuters, the emergency arbitrator denied Sony’s application for emergency interim relief, saying…
[ad_1] MUMBAI: In yet another setback for Byju’s, its foreign lenders have filed a petition to initiate corporate insolvency resolution proceedings against the firm. The petition has been filed with the Bengaluru bench of NCLT, a representative of the lenders confirmed. The failure on part of Byju’s to honour its obligations under the term loan…