hc relief

Think & Learn Pvt Ltd, the parent of Byju's, said on Wednesday that the Karnataka High Court passed an interim order directing that any resolutions passed at Friday’s proposed extraordinary general meeting (EGM) would be contingent upon its final decision on a petition filed by the edtech firm.Byju's petitioned the court challenging the EGM called by a group of investors, who are seeking the removal of Byju Raveendran as its chief executive. The company claimed that by calling for an EGM, the investors violated the…

Madras High Court has stayed the tax demand of Rs 9,403.09 crore against tech giant Cognizant Technology in case of its share buy buyback of Rs 19,000 crore, subject to payment of Rs 1,500 crore.A bench of Justices Mohammed Shaffiq and R Mahadevan has directed Cognizant Technology to pay Rs 1,500 crore within a period of four weeks and directed tax department to release title deeds pertaining to the property and remaining fixed deposits lying in the banks on the payment and deposit.Elevate Your Tech Prowess with…