Aakash Educational Services Ltd, the coaching institute acquired by Byju’s in 2021, has asked audit firm EY to disclose all documents and communication in relation to transactions involving the company.
In a statement on Wednesday, Aakash said it would proceed with legal action if EY did not provide the requisite information, and alleged that the audit firm had breached professional conduct in the ongoing insolvency resolution process involving Think and Learn Pvt. Ltd, which owns the troubled edtech firm Byju’s.
Aakash’s legal team accused EY of acting in a dual capacity, saying the firm was advising both Byju’s and Aakash despite being aware of the “hostile and litigated nature” of the relationship between the two parties.
