Countdown Begins: Dust May Soon Settle On BYJU’S-Aakash Ownership Battle

by · Inc42

SUMMARY

  • Aakash, MEMG and BYJU'S lenders are close to resolving the long-running dispute over Aakash's shareholding, with the NCLT granting time until July 16
  • The dispute centres on ownership and valuation of Aakash, one of the few valuable assets left in the BYJU'S group
  • The conflict emerged after BYJU'S financial crisis, insolvency proceedings and creditor recovery efforts brought control of Aakash into focus