https://techcrunch.com/2024/03/28/indias-tribunal-court-allows-byjus-to-proceed-with-crucial-egm/

Byju’s secured favorable outcomes in two court hearings Thursday, paving the way for the embattled edtech startup to move ahead with the extraordinary general meeting scheduled for Friday.

The National Company Law Tribunal refused to defer on Thursday Byju’s planned EGM, where the Indian startup seeks to increase the authorized share capital to give effect to the $200 million rights issue. The matter will be heard again on April 4, but as the lawyer representing the estranged four investors of Byju’s warned, once the authorized share capital has been increased, it cannot be reversed.