Aakash’s backers slam AoA tweak plan at NCLT
Senior advocate Darius Khambata, representing the minority shareholders, said that these articles are legally binding and would take precedence over any agreement between the shareholders. Source link
NCLAT sends Aakash’s AoA amendment case back to NCLT, Legal News, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has declined to lift the stay on the NCLT order, barring amendment of the Articles of Association of Aakash Educational Services, a subsidiary of the debt-ridden edtech major Byju. Disposing the petitions moved by Manipal Health Systems and Aakash Educational Services, the Chennai bench of the National Company […]
NCLT stays Aakash’s EGM resolution to amend Articles of Association, ET LegalWorld
The National Company Law Tribunal (NCLT) on Wednesday stayed a resolution related to amendment in the Articles of Association (AoA) of Aakash Educational Services which allegedly seeks to dilute the rights of petitioners including Singapore VII Topco I. An Extra Ordinary General Meeting (EGM) of Aakash Educational Services was scheduled to be held on Wednesday […]