Byju's plea against Aakash rights issue rejected

THE NATIONAL COMPANY Law Tribunal has declined to grant any interim relief to insolvency-bound edtech firm Byju’s, which sought to restrain Aakash Educational Services (AESL) from convening its extraordinary general meeting (EGM) for arights issue.

- PRESS TRUST OF INDIA

It rejected Byju’s plea to stay the EGM to be held on October 29,2025, observing “acceptance of such plea would lead to an incoherent proposition under-

mining the independent rights of the company”.