The Karnataka High Court is set to hold a hearing on March 28 regarding the ongoing legal battle between Byju's and its investors, which centers around the disputes arising from a proposed extraordinary general meeting (EGM) aimed at CEO removal and board restructuring. The court has extended an interim order that pauses the EGM proceedings until the next hearing. This legal tussle follows investor lawsuits against Byju's, highlighting the significant implications of the rights issue that has led to this confrontation.
Byju's Vs Investors: Karnataka HC extends interim protection against EGM resolution till March 28 By @thyagarajan_law https://t.co/sSNH5iz3vq via @moneycontrolcom
News Alert | Karnataka HC sets March 28 for next hearing on petition filed by Byju's challenging outcome of Feb's shareholder EGM https://t.co/hKyr5fWMrP
From Karnataka HC: Byju's vs investors on EGM on CEO removal board change Interim order on stay on EGM proceedings extended till March 28. (Next day of hearing)