Byju Raveendran gets temporary protection from ouster

Byju Raveendran, the embattled founder of Byju’s education app, has won a temporary reprieve in his tussle with a section of shareholders for control of the company he founded in 2011. Raveendran got interim relief from Karnataka High Court on Wednesday as the Court stayed the effect of decisions that could be taken during the upcoming extraordinary general meeting (EGM) of the shareholders of Byju’s slated for February 23, according to Bar & Bench.

The order effectively protects Raveendran from possible ouster. The shareholder meeting has been called by key investors and shareholders of Byju’s including Chan Zuckerberg Initiative, General Atlantic, Prosus Ventures and Peak XV to discuss change in the company’s leadership.