Glas Trust Seeks NCLAT Hearing In Aakash Case: Report

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SUMMARY

Glas Trust, which represents the edtech startup’s US lenders, has reportedly sought the National Company Law Appellate Tribunal (NCLAT) hearing on Aakash Institute’s governance changes

Glas Trust has also asked for an interim stay (temporary halt) on key decisions made at an extraordinary general meeting (EGM) of Aakash in November 2023

However, the NCLAT refused to grant the stay and scheduled the next hearing for March 17

In the latest legal tussle involving BYJU’S, Glas Trust, which represents the edtech…



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Glas Trust Seeks NCLAT Hearing In Aakash Case: Report


SUMMARY

Glas Trust, which represents the edtech startup’s US lenders, has reportedly sought the National Company Law Appellate Tribunal (NCLAT) hearing on Aakash Institute’s governance changes

Glas Trust has also asked for an interim stay (temporary halt) on key decisions made at an extraordinary general meeting (EGM) of Aakash in November 2023

However, the NCLAT refused to grant the stay and scheduled the next hearing for March 17

In the latest legal tussle involving BYJU’S, Glas Trust, which represents the edtech…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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