In what has become one of the most high-stakes corporate courtroom dramas in India’s startup ecosystem, Byju’s — once celebrated as the crown jewel of Indian edtech — has found itself fighting yet another battle, this time to protect its stake in its own subsidiary, Aakash Educational Services Limited (AESL).
Think & Learn Pvt. Ltd. (TLPL), the parent company of Byju’s, on Monday approached the National Company Law Appellate Tribunal (NCLAT) against a recent order by the National Company Law Tribunal (NCLT). The move comes just days after the Bengaluru bench of NCLT refused to grant any interim relief to the troubled edtech firm, declining its plea to stop Aakash from convening its Extraordinary General Meeting (EGM) scheduled…