Town Ventures News Today

This is the third such extension that has been granted in the case.

It maybe noted that on February 23, a host of blue chip investors like Prosus, General Atlantic and Peak XV voted to fire Chief Executive Officer (CEO) Byju Raveendran from edtech company Byju’s. However, the resolution could not be given effect to owing to the Karnataka High Court order.

The battle between Byjus and investors intensified after the edtech major said on Thursday that the companys co-founder and CEO Byju Raveendran and Board members will not attend the extraordinary general meeting (EGM) called by select investors on Friday.

Resolution of ouster, formation of new board declared invalid till final hearing

The edtech founder faces a high-voltage EGM this Friday where some investors has sought his removal.

Look-out circular (LOC) 'on intimation' has already been issued against Byju Raveendran

The Karnataka High Court on Wednesday ordered that any resolutions, proposed to be passed in the Friday meeting called by select Byjus investors to remove its founder Byju Raveendran as CEO and appoint a new board, are invalid until the final hearing and disposition of this petition.

Startup says Rs 1,400 crore dues grossly overstated, outstanding net amount is around Rs 614 crore

The battle between Byju;s and investors intensified after the edtech major said on Thursday that the company's co-founder and CEO Byju Raveendran and Board members will not attend the extraordinary general meeting (EGM) called by select ...

The battle between Byju's and investors intensified after the edtech major said on Thursday that the company's co-founder and CEO Byju Raveendran and Board members will not attend the extraordinary general meeting (EGM) called by select ...