Archive · 8 Jun 2025
NCLAT Upholds Order in Byju's Aakash Shareholding Dispute
Byju's, which owns part of Aakash, had a dispute about its shareholding.
The courts said things should stay the same for now.
Byju's was worried about their share getting smaller and assets being used as collateral.
The court agreed to wait and keep everything as it is, as it was a temporary decision.
Since it was a temporary order, the higher court didn't interfere.
So Byju's share remains the same for now until the decision is finalized.
NCLAT dismissed a plea by Byju's Resolution Professional regarding Aakash Educational Services shareholding.
The NCLAT agreed with the NCLT's decision to maintain the status quo on Byju's stake in Aakash.
The NCLT had previously ordered to maintain status quo on Aakash shareholding amid equity fund-raising plans.
Byju's RP alleged dilution of Aakash shareholding and asset hypothecation.
NCLAT deemed the NCLT order as 'consensual' and interlocutory, thus not interfering.
- Who
- The NCLAT, NCLT, TLPL (Byju's), and Aakash Educational Services.
- What
- NCLAT rejected a plea related to Byju's shareholding in Aakash Educational Services.
- When
- Recent hearing and decisions in 2024.
- Where
- NCLAT and NCLT, with proceedings related to Aakash Educational Services.
- Why
- NCLAT considered the NCLT's order as consensual and interlocutory; thus, no interference was needed.
- Parties Involved
- TLPL (Byju's), Aakash Educational Services, NCLAT, NCLT
- NCLT Order
- Maintain status quo on Byju's stake in Aakash
- NCLAT Ruling
- Dismissed the plea, upheld NCLT order
- TLPL Shareholding in Aakash
- 25%
- Issue
- Shareholding in Aakash Educational Services