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BYJU’S EGM: Karnataka High Court Defers Any Resolutions Passed Till March 13

Inc42 · 1y

The Karnataka High Court has ruled that decisions made by the shareholders of edtech giant BYJU'S at an upcoming extraordinary general meeting (EGM) will not come into effect until the next hearing on March 13. The court was hearing a petition filed by BYJU'S against its own investors, with shareholders calling for the removal of CEO Byju Raveendran and his family members from the company's board. While the court has not specifically invalidated the EGM, it has stated that no decisions taken can be put into effect until the next hearing.