Tuesday, 25 February, 2025

NCLT Allows Blackstone to Withdraw Petition Against Aakash Institute

The National Company Law Tribunal (NCLT) has approved Blackstone’s request to withdraw its petition against Aakash Institute. The dispute stemmed from financial disagreements following Aakash’s acquisition by BYJU’S. The withdrawal indicates a possible settlement or strategic shift by Blackstone. This development comes as BYJU’S faces mounting financial and operational challenges in its edtech business.