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The Latest Breaking News from Aakash

Byju’s-BCCI settlement remains stalled; NCLT pauses buyer search

Byju's proposed Rs 158-crore settlement with the BCCI remains unresolved. Creditors have met multiple times but could not reach a decision on the matter. The settlement's approval or rejection will determine the continuation of insolvency proceedings. Founders have also challenged GLAS Trust's authority and claim size. The tribunal has paused…

The Economic Times

Byju's lenders seek 30% stake in Indian education group in settlement

Byju's operated in more than 21 countries at one point and became ‌popular during ⁠the COVID-19 ⁠pandemic by offering online courses. But its fortunes changed in early 2023 when the high-profile dispute with its U.S.-based lenders began.

The Economic Times

NCLT posts Byjus-Aakash hearing for July 16 as parties seek time for settlement

Aakash Educational Services and Think & Learn's resolution professional requested a delay in NCLT proceedings, citing advanced settlement talks for the Aakash shareholding dispute. The National Company Law Tribunal has adjourned the matter to July 16, expecting a resolution. This development follows reports of ongoing settlement discussions between Manipal Education…

The Economic Times

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Byju's Aakash endgame; Startup deal street wakes up

Happy Monday! Byju's US lenders and Manipal are close to sealing a settlement over Aakash. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Byju’s-Aakash settlement talks enter final stretch ahead of NCLT hearing

Settlement talks are underway between Manipal Education and Medical Group and GLAS Trust, representing Byju's US lenders, to resolve the Aakash Educational Services shareholding dispute. This crucial discussion aims to settle the division of Aakash's value, Byju's most significant asset, ahead of a key NCLT hearing.

The Economic Times

Lenskart block deal; Meesho's kirana push

Lenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.

The Economic Times

2,000 students to get free coaching from Aakash Byju’s

Under the ‘Education for All’ towards Inclusivity and Empowerment of the Girl Child, Aakash BYJU’S will offer free NEET and JEE coaching and scholarships to around 2,000 underprivileged and girl students

The Hindu

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