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Byju's future hangs in balance as Karnataka HC readies to hear case on March 13

Livemint · 1y

The future of India's edtech giant, Byju's, is at stake as the Karnataka High Court prepares to address investor concerns over the removal of the CEO and board members. Byju's argues that the extraordinary general meeting (EGM) held by Think and Learn Pvt Ltd, the company's parent, was a disruptive move designed to hinder its operations. With ongoing legal battles against investors, lenders, and vendors, Byju's is facing mounting challenges. The court hearing on March 13 will determine the validity of the resolutions passed during the EGM.