Supreme Court Backs Byju’s, rejects US Lender Glas Trust’s Plea against NCLT’s Order on Aakash’s Equity Rights Issue
In a recent ruling, the Supreme Court of India has dismissed appeals filed by US-based lender GLAS Trust Company LLC and the Insolvency Resolution Professional of Byju’s, upholding an NCLAT order that permitted Aakash Educational Services Ltd. to proceed with its proposed rights issue of equity shares. The appeals challenged the NCLAT, Chennai Bench’s order…

