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Tuesday, 25 February2025

NCLT Allows Blackstone to Withdraw Petition Against Aakash Institute

NCLT Allows Blackstone to Withdraw Petition Against Aakash Institute
The National Company Law Tribunal (NCLT) has approved Blackstones request to withdraw its petition against Aakash Institute. The dispute stemmed from financial disagreements following Aakashs acquisition by BYJUS. The withdrawal indicates a possible settlement or strategic shift by Blackstone. This development comes as BYJUS faces mounting financial and operational challenges in its edtech business.
Read full story at Economic Times

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