The Karnataka High Court has restrained Byju Raveendran and his entities from alienating assets after Qatar Holding sought enforcement of a $235M arbitral award. The Court passed an interim injunction until the next hearing.
The Supreme Court Today (Nov 29) directed Aakash Institute not to give effect to the Extraordinary General Meeting (EGM) resolution to amend its Articles of Association (AoA). A Bench of CJI Sanjiv Khanna and Justice PV Sanjay Kumar directed Aakash Education to approach the National Company Law Appellate Tribunal (NCLAT) in seven days. The stay on implementation of the resolution will remain in place till the first date of hearing of the appeal before the NCLAT.
