Aakash Moves NCLT Against EY, Capillary’s IPO & More

Aakash Moves NCLT Against EY India

In the latest twist in the BYJU’S saga, Aakash Educational Services has now moved the NCLT against auditor EY India over allegations of conflict of interest and breach of professional conduct. 

The Back Story: The legal battle goes back to the acquisition of Aakash by the edtech giant in 2021. The matter took a turn for the worse earlier this year when insolvency-ridden BYJU’S, via interim resolution professional Sanjay Ajmera, knocked on the NCLT’s doors to prevent a potential dilution of its stake in…