NCLAT rejects Byju’s resolution professional’s petition in Aakash shareholding row

The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Resolution Professional of Think & Learn, which owns edtech brand Byju’s, challenging an NCLT order directing to maintain status quo regarding the company’s stake in Aakash Educational Services.

A two-member NCLAT bench said that since the NCLT order is “consensual” an an interlocutory order, which is not deciding any of the rights of the parties, no interference is called for by the appellate tribunal at this stage.

“Since the impugned order takes the shape of an…