Look out notice issued against Byju Raveendran
February 22, 2024 - PatialaPolitics
Look out notice issued against Byju Raveendran
The Directorate of Enforcement has reportedly pushed for a look out circular against Byju Raveendran to ensure the founder of the embattled tech company “does not leave the country”.
Raveendran has already been issued an LOC ‘on intimation’, according to an ET report. The edtech founder faces a high-voltage EGM this Friday where some investors has sought his removal. On Wednesday, the Karnataka High Court, in response to a petition filed by Think & Learn Pvt Ltd (the parent company of Byju’s), passed an order stating that any resolutions proposed to be passed in the February 23 EGM called by select investors “as invalid until the final hearing and disposition of this petition