The National Company Law Tribunal (NCLT) in Bengaluru postponed the hearing on a dispute between edtech firm Byju’s and four investors, including Peak XV Partners and General Atlantic, to June 6. The investors accused Byju’s of misusing funds raised during a rights issue, violating an NCLT order, which the company denied. Byju’s senior counsel refuted the allegations, stating full compliance with the court’s order. Founder Byju Raveendran clarified that personal debt was incurred to pay employee salaries, demonstrating no violation. NCLT’s February 27 order directed Byju’s to refrain from share allotments without increasing authorized share capital and to keep proceeds from the issue in a separate account.