Karnataka HC refuses to stay BYJU'S EGM on Feb 23
New Delhi, Feb 21: Karnataka High Court on Wednesday refused to stay an emergency shareholder meeting called by select investors of Think and Learn Pvt Ltd -- the owner of BYJU'S -- to oust the company's Founder and CEO Byju Raveendran and his family from the leadership in the edtech firm.
BYJU'S had approached the Karnataka High Court seeking a stay on the EGM but the court only gave an interim relief that any resolution passed at the EGM on Friday cannot be implemented before the next court hearing.
"It is further submitted that the conditions for convening the Extraordinary General Meeting (EGM) are not complied and no notice is issued as contemplated under Section 100 (3) of the Companies Act 2013," the court order said.
It further passed an interim order that "the decision, if any taken by the shareholders of the petitioner company in the EGM scheduled on February 23, 2024, shall not be given effect to, till the next date of hearing," the order said.
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After fake ID crackdown, IRCTC daily new accounts down to 5000 from one lakh: Railways
New Delhi (PTI): With a new, stringent system to establish user identity, the number of new user IDs being added daily on the IRCTC website has declined to about 5,000 from nearly one lakh, officials said on Saturday.
Union Railway Minister Ashwini Vaishnaw noted that the crackdown by Indian Railways on train ticket booking through fake identities is yielding positive results, according to a press note.
Before the latest reforms, this number had touched nearly one lakh new user IDs per day, it said.
"Following the introduction of a stringent system to establish user identity and detect fake IDs, about 5,000 new user IDs are now being added daily on the IRCTC website," the note said.
The officials stated that these steps have already helped Indian Railways deactivate 3.03 crore fake accounts.
"Another 2.7 crore user IDs have either been temporarily suspended or identified for suspension based on the suspicious activities they are indulging in," they said.
The Union minister directed officials to ensure that the ticketing system is reformed to a level where all travellers are able to book tickets easily through a real and genuine user ID, the press note added.
Additionally, Railway Minister Ashwini Vaishnaw has directed officials to provide local cuisine of the region in Vande Bharat trains.
Introducing local cuisine that reflects the culture and tastes of the regions being traversed will significantly enhance the passenger experience, officials said.
This facility will be expanded to all the trains progressively in future, they added.
