Aakash Institute seeks NCLT nod to amend Articles of Association amid shareholder feud, ET LegalWorld
Aakash Institute, a subsidiary of Think & Learn, the parent company of Byju’s, on Tuesday, requested the National Company Law Tribunal (NCLT) bench to set aside a previous order that had prevented the coaching centre operator from amending its Articles of Association (AoA), citing the need to raise funds. The matter pertains to the institute […]
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 […]