Karnataka High Court directs NCLT to decide pleas to remove Byju's RP within two weeks

On October 25, the High Court, in a petition filed by Glas Trust Company, had granted an interim stay on the CoC meeting scheduled for that date, and later extended such stay.
 Karnataka High Court, Byju's Logo
Karnataka High Court, Byju's Logo
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The Karnataka High Court recently barred the Committee of Creditors (CoC) of Byju's parent company Think and Learn from meeting and taking decisions on the company's affairs till the National Company Law Tribunal (NCLT) decides on the applications to remove the company's Resolution Professional (RP).

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