NCLT posts Byjus-Aakash hearing for July 16 as parties seek time for settlement
Summary
The NCLT has moved the Byju’s-Aakash hearing to July 16 while the parties continue settlement talks. The dispute centers on how Aakash’s shareholding and value should be divided among Manipal, Byju’s creditors, and entities linked to Byju Raveendran’s family. The article also highlights the contested rights issue and the related insolvency and mismanagement proceedings. A settlement could bring clarity to ownership and creditor recovery, but the matter remains unresolved for now.
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