National Company Law Tribunal Orders Status Quo on Aakash Institute's Shareholding

The National Company Law Tribunal (NCLT) has ordered status quo on the shareholding of Aakash Education Services Limited after a plea by Byju’s Resolution Professional. 

The dispute arose over Aakash’s attempt to amend its Articles of Association (AoA), which was opposed by Singapore Topco (a shareholder in Aakash) and Glas Trust (Bjyu's lender) due to concerns over the potential dilution of their stakes.

Senior Advocate Ravi Kadam, representing Byju’s, argued that the ₹2,000 crore investment was at risk. NCLT maintained the status quo while related appeals remain pending before NCLAT Chennai.

The tribunal has listed the case for April 30.