EdTech
Glas Trust Seeks NCLAT Hearing In Aakash Case: Report
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SUMMARY
Glas Trust, which represents the edtech startup’s US lenders, has reportedly sought the National Company Law Appellate Tribunal (NCLAT) hearing on Aakash Institute’s governance changes
Glas Trust has also asked for an interim stay (temporary halt) on key decisions made at an extraordinary general meeting (EGM) of Aakash in November 2023
However, the NCLAT refused to grant the stay and scheduled the next hearing for March 17
In the latest legal tussle involving BYJU’S, Glas Trust, which represents the edtech…
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