NCLAT Quashes BYJU’S Appeal In Aakash Shareholding Dispute

In an order dated June 6, the NCLAT said that the interim NCLT order was “interlocutory in nature” and “consensual”, making it unfit for appellate review

With this, the NCLAT has effectively upheld the NCLT order that maintained the current shareholding structure of Aakash and put a hold on any new fundraise

Aakash has maintained that its INR 500 Cr fundraise is crucial for its survival and is needed to cover operational costs across its network of offline coaching centres

The National Company Law Appellate…