NCLT stays Aakash’s move to amend its AoA

The National Company Law Tribunal (NCLT) on Wednesday restrained Aakash Educational Services from passing a resolution to amend its articles of association (AoA), till the insolvency matter of its parent firm, Think and Learn, which runs Byju’s, is disposed of.

This effectively means that Aakash will have to wait for making any changes in its governance structure, in favour of Manipal Group which has emerged as the largest shareholder in the educational firm.