Aakash moves NCLT to implead E&Y in oppression, mismanagement case filed by Byju’s

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Aakash Educational Services has filed a plea in the insolvency tribunal NCLT, seeking the dismissal of a petition submitted by edtech firm Byju’s and to implead consultancy firm E&Y, along with its partner Ajay Shah.

In its application, Aakash Educational Services has sought dismissal of the petition filed by Think and Learn, owner of Byju’s, on the grounds of vexatious litigation couched as an oppression and mismanagement litigation, which is not maintainable in the law.

Aakash Educational Services (AESL) submitted that presence of E&Y is “imperative”…



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Aakash moves NCLT to implead E&Y in oppression, mismanagement case filed by Byju’s


Aakash Educational Services has filed a plea in the insolvency tribunal NCLT, seeking the dismissal of a petition submitted by edtech firm Byju’s and to implead consultancy firm E&Y, along with its partner Ajay Shah.

In its application, Aakash Educational Services has sought dismissal of the petition filed by Think and Learn, owner of Byju’s, on the grounds of vexatious litigation couched as an oppression and mismanagement litigation, which is not maintainable in the law.

Aakash Educational Services (AESL) submitted that presence of E&Y is “imperative”…



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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