Aakash Moves NCLT Against EY For Meddling In BYJU’s Case

Aakash Educational Services Limited (AESL) has moved the NCLT against EY, seeking to implead the consultancy firm and its partner Ajay Shah in the ongoing Byju's case. AESL alleges a conflict of interest, citing EY's previous advisory roles in transactions that are now being challenged by Think & Learn's (Byju's parent entity) resolution professional. Aakash claims that EY played a central role in financial, legal, and compliance-related matters for Byju's, including structuring non-convertible debentures and their conversion to equity. This legal action highlights the complexities and disputes arising from Byju's financial restructuring.