In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed by Byju’s under Sections 241 and 242 of the Companies Act, alleging oppression and mismanagement, or include Ernst & Young (EY) LLP and its partner Ajay Shah as respondents in the case.
AESL alleges that EY has been involved in providing a wide range of strategic, financial, and compliance-related advisory services to the company, and is now acting against AESL through Shailendra Ajmera — the appointed Resolution Professional (RP) of Byju’s, who is also a senior EY functionary.
“This is a classic case of…
