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Indian court temporarily blocks Aakash Education from altering its charter, protecting shareholders' rights.
The National Company Law Tribunal (NCLT) has temporarily blocked Aakash Educational Services from amending its Articles of Association (AoA), a move opposed by investors including Byju's parent company.
The amendment was alleged to dilute the rights of minority shareholders and favor the largest shareholder, Manipal Education.
The tribunal's decision aims to maintain the current rights of shareholders while the dispute is resolved.
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La corte india impide temporalmente que Aakash Education altere su estatuto, protegiendo los derechos de los accionistas.