Bengaluru, March 13: The Karnataka High Court on Wednesday granted time to Think and Learn Pvt Ltd, the parent company of edtech major Byju슬롯사이트™s, to file a rejoinder to the response filed by some of the investors.

The stay against the resolutions at the Extraordinary General Meeting (EGM), which the investors passed on February 23 continues, and 슬롯사이트œnone of those resolutions can be given effect to슬롯사이트�, Byju슬롯사이트™s said in a statement. The matter will next be heard on March 28, the company said. The key investors of Byju슬롯사이트™s -- Prosus, General Atlantic, Sofina, and Peak XV -- had moved the National Company Law Tribunal (NCLT) in Bengaluru.슬롯 머신 사이트 추천Fintech Firm Perfios Becomes India슬롯사이트™s Second 슬롯사이트˜Unicorn of 2024슬롯사이트� As It Raises USD 80 Million in New Funding Round.

The tribunal had directed Byju슬롯사이트™s that the proceeds from the rights issue (about $250-$300 million) is to be kept in a separate account till the disposal of the case with the investors. Meanwhile, in a separate case, the tribunal is on track to conclude the hearing regarding the Board of Control for Cricket in India슬롯사이트™s (BCCI) plea against Byju's by March 20.슬롯 머신 사이트 추천Paytm Payment Bank Deadline: National Highways Authority of India Advises Paytm FASTag Users To Switch to Other Banks Before March 15.

The heart of the dispute lies in the BCCI's pursuit of insolvency proceedings against Byju's, a move prompted by unpaid dues amounting to Rs 158 crore. Throughout the hearings, Byju's consistently expressed its preference for an amicable resolution through negotiations. However, the BCCI did not submit any indication of agreement or willingness to pursue an amicable settlement during the proceedings, sources said.

(The above story first appeared on LatestLY on Mar 13, 2024 04:32 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).