Aakash Educational Services has approached the National Company Law Tribunal (NCLT) to dismiss a case filed by Byju’s, citing a conflict of interest involving consultancy firm EY. This move highlights ongoing tensions in the edtech sector.
Key Points:
- Aakash alleges that EY previously advised both parties, raising concerns about impartiality.
- The dispute centers around financial transactions and corporate governance issues.
- The NCLT has been asked to consider the inclusion of EY and its partner Ajay Shah in the proceedings.indiatimes.com+1timesofindia.indiatimes.com+1
👉 Why this matters: Transparency and ethical practices are crucial in corporate dealings. This case emphasizes the importance of clear boundaries in advisory roles.
🔗 Read more – timesofindia.indiatimes.com+1timesofindia.indiatimes.com+1livemint.com+1livemint.com+1
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