The Supreme Court of India issued notice and ordered status quo in the dispute arising from the National Company Law Appellate Tribunal ruling on the Committee of Creditors of Think and Learn Private Limited (Byju’s).
The Supreme Court recorded Aakash Educational Services Ltd’s undertaking to secure 25.7% stake held by Byju’s parent company till NCLAT decides the dispute. The top court also granted time to Think & Learn Pvt Ltd to subscribe to the second tranche of the Rs 240 crore rights issue.
