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Byju's Granted Time Till March 28 by Karnataka High Court to File Rejoinder to Investors' Response

The stay against the resolutions at the Extraordinary General Meeting (EGM), which the investors passed on February 23 continues, and “none of those resolutions can be given effect to”, Byju’s said in a statement. Byju’s Granted Time Till March 28 by Karnataka High Court to File Rejoinder to Investors’ Response. ....

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Mint Explainer: The mountain of legal cases that could bury Byju's

The online tutor is involved in at least five legal cases, including one filed by key shareholders and another against investors seeking to remove founder Byju Raveendran as the company’s CEO. ....

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Fintechs and the KYC conundrum; other top tech, startup stories this week

KYC is best understood as the doorway to formal banking channels. So improper KYC can open up banking to the risks of money laundering, fraudulent transactions and such. When customers open bank accounts, they need to submit identity documents, PAN cards to be verified by bank officials as a part of the KYC process. ....

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byjus: Face-off likely at EGM over plan to oust Byju's CEO

Investors demand ouster of Byju Raveendran and family, accuse management of non-compliance, misinformation, and withholding information. They seek details on AESL acquisition, loan terms, investigations, audits, and board restructuring for improved oversight and governance. ....

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byju's egm: Byju's EGM: Sharp noises, 'phishing' attack, delays cloud investor-led meeting to oust CEO Raveendran

The EGM has been called by a group of investors who are seeking to remove founder Byju Raveendran, his wife and brother from the board. The investors have flagged concerns about the management s failure to enforce the companys rights related to the acquisition of Aakash Institute. ....

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