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NCLT declines relief to Byjus, refuses to stay Aakash EGM on rights issue
The Free Press Journal - Bhopal
|October 25, 2025
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 Ltd (AESL) from convening its extraordinary general meeting (EGM) for a rights issue.
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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 undermining the independent rights of the company”.
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