India court refuses to stay BYJU's EGM to oust Raveendran but grants some relief to founder

The Karnataka High Court has refused to stay an extraordinary general meeting (EGM) convened by the shareholders of Indian edtech firm BYJU’s to oust founder Byju Raveendran. However, in a partial relief for Raveendran, the court said any decision taken at the EGM cannot be implemented until the next court hearing on March 13.