Legally Bharat

Will amend law to rein in microfinance companies: CM Siddaramaiah, ET LegalWorld

Karnataka Chief Minister Siddaramaiah on Saturday said the state government would amend the existing laws related to the money lending business and introduce new legislation to protect the interest of genuine borrowers. In the wake of public outrage against the alleged harassment by microfinance companies to recover money from borrowers, Siddaramaiah chaired an emergency meeting […]

SC stops Aakash Institute’s plan to amend articles of association, ET LegalWorld

The Supreme Court on Friday asked Aakash Educational Services, owned by debt-laden Byju’s, not to go ahead with a resolution to amend its articles of association (AoA) that was passed at its November 20 extraordinary general meeting (EGM) until the National Company Law Appellate Tribunal hears its case. Two minority shareholders of Aakash Educational Services […]

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 […]