Byju’s seeks arbitration on NCLT trial; hearing adjourned to April 23

Embattled edtech firm Byju’s has filed a plea with the National Company Law Tribunal (NCLT) seeking arbitration in its dispute with some of its key investors.

Byju’s counsel argued that according to the shareholding agreement, “such matters should be referred for arbitration before proceeding to NCLT.”

The investors’ counsels pointed to various case laws and sections of the law, which said that such a matter cannot be referred to arbitration due to the violations alleged and the prayer sought, sources said.