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SC rejects creditor's plea against Aakash rights issue
The Morning Standard
|November 04, 2025
THE Supreme Court on Monday dismissed an appeal filed by USbased lender GLAS Trust Company LLC, a creditor of Think & Learn Pvt Ltd, parent company of BYJU's, against the rights issue proposed by Aakash Educational Services Limited (AESL), clearing the way for the capital raise that will reduce Byju's holding in the company from 25.75% to about 5%.
GLAS Trust, representing Byju's US-based lenders, had challenged AESL's move before the National Company Law Appellate Tribunal (NCLAT), Chennai, which rejected its plea on October 28. The lender then approached the Supreme Court, which upheld the NCLAT's order. Sanjay Garg, head-legal of AESL, said, "Akash Educational Services Limited has a pro
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FLERE HISTORIER FRA The Morning Standard
The Morning Standard
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The Morning Standard
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The Morning Standard
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2 mins
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2 mins
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The Morning Standard
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1 min
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The Morning Standard
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1 min
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1 mins
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The Morning Standard
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4 mins
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The Morning Standard
Justin Halpern's memoir gets Netflix adaptation
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1 min
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The Morning Standard
Govt to ask manufacturers to pre-install Prasar Bharati's OTT app on new TVs
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1 min
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