Did Byju’s defraud a minority shareholder?

A petition in a Bengaluru court maintains the co-founders sold Think & Learn shares in violation of a 2016 merger agreement signed with Zeus Education.

It’s peak crisis season for Byju’s. The Morning Context has learnt that in response to a minority shareholder’s suit against the company and its founders, a civil court in Bengaluru has restrained co-founders Byju Raveendran, his wife Divya Gokulnath and brother Riju Ravindran from selling their shares in Byju’s. This is an ad-interim order of injunction.

Separately on Friday, Byju Raveendran was voted out as CEO of the company at an extraordinary general meeting called by a group of investors who also moved the Bengaluru bench of the National Company Law Tribunal, filing a petition citing oppression and mismanagement by …

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Pradip K. Saha

Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.

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