On Wednesday, the Karnataka High Court prolonged its temporary injunction until March 28, prohibiting investors of Think and Learn Private Limited, the company behind BYJU'S, from implementing the resolutions passed by the shareholders during the extraordinary general meeting on February 23, 2024.

The meeting was purportedly convened with the aim of ousting CEO Byju Raveendran.

A single-judge bench presided over by Justice Sunil Dutt Yadav extended the interim order upon the request of the company's counsel, who asked for more time to submit their response to the preliminary statement of objections filed by the investor respondents.

The respondents indicated that they have raised concerns regarding the validity of the petition filed and the ex-parte order issued. The investors' counsel stated, "As the dispute between BYJU'S and the investors is currently under consideration by the NCLT and is not subject to arbitration."

Senior Advocate K.G. Raghavan, representing the company, voiced his concerns regarding the purportedly fraudulent preliminary objections raised by the investors. "Merely being foreign investors does not entitle them to take Indian courts for granted in this manner," he orally asserted.

The company had approached the court, contending that the extraordinary general meeting of the shareholders was convened at the behest of foreign investors without adhering to the procedures outlined in Section 100(3) of the Companies Act, 2013.