Byju's vs investors: Karnataka HC extends interim protection against EGM till June 24
This is the third such extension that has been granted in the case.
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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 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 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.