The Karnataka High Court has temporarily stayed the NCLT’s order preventing Aakash Educational Services from amending its Articles of Association, which could dilute investor shareholding. Aakash argues that the NCLT lacked reasoning for this decision. Further hearings are set for December 2 amidst ongoing legal disputes involving key investors.
NCLAT Chennai today has approved Byju’s settlement with BCCI, halting insolvency proceedings against the edtech firm. Repayment source was confirmed, safeguarding financial creditors’ interests. The tribunal criticized unnecessary complexity and stressed the importance of settlement. With this decision, insolvency proceedings against Think and Learn will cease, and the firm will not form a Company of Creditors.
In a significant judicial intervention, the Karnataka High Court has issued notices to the state and central governments, catalyzing the formation of uniform guidelines for child custody amidst matrimonial disputes. The division bench, led by Chief Justice Prasanna B Varale and Justice Krishna S Dixit, has taken a suo motu cognizance in the public interest […]
