NCLAT sends Aakash-Byju’s dispute back to NCLT amid minority shareholder tensions

The National Company Law Appellate Tribunal (NCLAT) on Friday declined to stay an order from the National Company Law Tribunal (NCLT) barring Aakash Educational Services, a subsidiary of the embattled edtech giant Byju’s, from amending its Articles of Association (AoA). The amendments had sparked a legal battle with minority shareholders, led by Blackstone, alleging an infringement of their rights.