In the ongoing dispute between Aakash Educational Services Ltd. (AESL) and Think & Learn Pvt. Ltd. (TLPL), the parent company of BYJU’S, the National Company Law Tribunal (NCLT), Bengaluru Bench, has rejected the plea made by RP against AESL’s rights issue, in a second oppression and mismanagement petition.

Shailendra Ajmera, a partner at Ernst & Young LLP (EY), is presently acting as the Resolution Professional for Think & Learn Pvt. Ltd. in the pending insolvency proceedings before the NCLT. He sought to restrain Aakash from proceeding with its Board-approved rights issue and convening its Extraordinary General Meeting (EGM) scheduled for October 29, 2025.

The Bench, comprising judicial member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada, declined the plea, holding t

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