Settlement talks between Manipal Education and Medical Group and GLAS Trust, which represents Byju’s US lenders, have moved into an advanced stage to resolve the Aakash Educational Services shareholding dispute ahead of a crucial NCLT (National Company Law Tribunal) hearing on June 23, people aware of the matter said.
The discussions are aimed at settling the most contentious part of Byju’s insolvency proceedings: how the value of Aakash, the test-prep company that remains the group’s most valuable asset, is divided among Manipal, Think & Learn’s creditors, and entities linked to founder Byju Raveendran and his family.
