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Byju s investors file oppression, mismanagement suit against co-founder Raveendran, others | Business News

Investors, who are seeking the ouster of Raveendran and family from the Byju's board at an extraordinary general meeting of shareholders for alleged "mismanagement and failures" at what was once India's hottest tech startup, have also sought a forensic audit of the company

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Byju s investors file oppression, mismanagement suit against co-founder Raveendran, others

Byju s investors file oppression, mismanagement suit against co-founder Raveendran, others
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Byju s EGM Gets Underway; Raveendran Byju Skips, Investors File Suit in NCLT

A group of four investors of Byju's filed an oppression and mismanagement suit against the management of the company in the Bengaluru bench of the NCLT, seeking declaring of founders, including CEO Byju Raveendran, as unfit; Byju's EGM Gets Underway; Raveendran Byju Skips, Investors File Suit in NCLT

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Byju s EGM gets underway; investors file suit in NCLT

An Extraordinary General Meeting (EGM) of Byju s shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged mismanagement and failures . Raveendran and his family stayed away from the EGM, calling it procedurally invalid.

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Declare CEO Byju Raveendran unfit, appoint new board : 4 investors approach company tribunal

A group of four investors of Byju s has filed an oppression and mismanagement suit against the management of the company before the Bengaluru bench of the NCLT, seeking declaring founders, including CEO Byju Raveendran, as unfit to run the company, and appointing a new board. Besides this, the suit has sought to declare the just concluded rights issue as void.

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