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US Lender Seeks to Bar Internal Rule Change at Aakash
Mint Bangalore
|March 12, 2025
Minority Shareholders Contested the Amendments on the Grounds That Their Rights Would Be Diluted
Glas Trust Co. LLC, the US lender of bankrupt edtech firm Byju's, has moved the National Company Law Appellate Tribunal (NCLAT) with a fresh plea that seeks to prevent Byju's subsidiary Aakash Educational Services from amending its articles of association (AoA) for restructuring and fundraising. AoAs are a company's internal rule-book that outlines how it will be governed and operated.
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