{"id":350472,"date":"2025-06-12T14:00:54","date_gmt":"2025-06-12T08:30:54","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=350472"},"modified":"2025-06-19T09:50:51","modified_gmt":"2025-06-19T04:20:51","slug":"nclat-denies-relief-byjus-appeal-filed-against-nclt-status-quo-order-shareholding-in-akash","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/06\/12\/nclat-denies-relief-byjus-appeal-filed-against-nclt-status-quo-order-shareholding-in-akash\/","title":{"rendered":"\u2018Interlocutory and Consensual Order\u2019; NCLAT denies relief to BYJU\u2019s in appeal filed against NCLT\u2019s status quo order on its shareholding in Aakash"},"content":{"rendered":"
\n

National Company Law Appellate Tribunal, Chennai:<\/span> In an appeal filed by Think & Learn Private Limited\/ BYJU\u2019s (\u2018TLPL\u2019) against the impugned order of the National Company Law Tribunal (\u2018NCLT\u2019) wherein it was directed that the shareholding of TLPL in Aakash Educational Services Limited (\u2018Aakash\u2019) would not be diluted till the prayer of TLPL regarding interim reliefs was heard and decided, the Division Bench of Sharad Kumar Sharma<\/span>*, J., (Judicial Member) and Jatindranath Swain (Technical Member), rejected the appeal holding that the impugned order was interlocutory and consensual thus no interference was required.<\/p>\n

Background of BYJU’s -Aakash case<\/h3>\n

The NCLT, vide an interim order, directed the respondents to maintain the status quo in respect of their shareholding in Aakash till the next date of hearing. This order was challenged before the Karnataka High Court in a writ petition. The High Court set aside the interim order granted by the NCLT and remitted the matter back to it for fresh consideration.<\/p>\n

After hearing all parties and receiving an undertaking from the respondents that the shares of TLPL would not be diluted, the NCLT, vide the impugned order, observed that the matter was yet to be fully heard. Thus, it was directed that the shareholding of TLPL in Aakash would not be diluted till the prayer of TLPL for the grant of interim reliefs was heard and decided by the NCLT.<\/p>\n

Aggrieved, TLPL filed the present appeal under Section 421<\/a> of the Companies Act, 2013<\/a>.<\/p>\n

Analysis<\/h3>\n

Without expressing any opinion on the merits of the matter and considering the implications of the High Court\u2019s order, the consent extended by TLPL, and the nature of the interim relief granted by the impugned order, NCLAT opined that the impugned order would be consensual. Additionally, since it was directed to be made a subject matter of consideration on a further date in the impugned order, the said order was exclusively interlocutory in nature. This interlocutory order has yet to be considered on its merits and given a final shape until the conduct of the final hearing, when the interim reliefs prayed for are heard and decided by the NCLAT.<\/p>\n

Thus, NCLAT held that no interference was required in the exercise of its Appellate Jurisdiction at this stage since the impugned order was interlocutory, which did not decide any rights of the parties and consenting.<\/p>\n

Thus, the appeal was rejected due to lack of merit.<\/p>\n

[Think & Learn Private Limited v. Aakash Educational Services Limited, 2025 SCC OnLine NCLAT 1024<\/a>, decided on 00-00-2025<\/span>]<\/p>\n

*Judgment authored by: Justice Sharad Kumar Sharma (Judicial Member)<\/span><\/strong><\/p>\n

\n

Advocates who appeared in this case:<\/p>\n

For the appellant:<\/span> Senior Advocate SR. Rajagopal, Pooja Mahajan, Arveena Sharma, Ichchha Kalash, Samridhi Shrimali, Lakshana Viravalli, and S. Madhusmitha<\/p>\n

For the respondents:<\/span> Senior Advocate E. Om Prakash, Vishnu Mohan, D. Venkata Krishna, Rithika, Senior Advocate Arun Kathpalia, AR. Ramanathan, Anmol Tayal, S. Sriraman, andSenior Advocate Dhyan Chinnappa<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“The impugned order is exclusively interlocutory in nature which is yet to be considered on merits and yet to be given a final shape till the conduct of the final hearing when the interim reliefs prayed for, are heard and decided by the Tribunal.”<\/p>\n","protected":false},"author":67524,"featured_media":315817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[83392,50167,45648,31954,22014,12521,83399,83391],"class_list":["post-350472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-aakash-educational-services-limited","tag-byjus","tag-consensual-order","tag-interlocutory-order","tag-nclat","tag-nclt","tag-status-quo-of-byjus-shareholding-in-aakash","tag-think-learn-private-limited"],"yoast_head":"\nNCLAT order on BYJU's Aakash case | SCC Times<\/title>\n<meta name=\"description\" content=\"NCLAT denied relief to BYJUs in appeal filed against NCLT's order directing non-dilution of BYJU's shareholding in Aakash\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2025\/06\/12\/nclat-denies-relief-byjus-appeal-filed-against-nclt-status-quo-order-shareholding-in-akash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'Interlocutory and Consensual Order'; 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NCLAT grants Moratorium Benefits","author":"Editor","date":"July 30, 2022","format":false,"excerpt":"\u00a0 \u00a0 National Company Law Appellate Tribunal, New Delhi: The Bench of Ashok Kumar Bhushan, J., Chairperson, M. 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Singh (Technical Member) while setting aside an appeal opined that \u201c\u2026this Tribunal an irresistible, inevitable and inescapable conclusion that in respect of the loan account of the \u2018Corporate Debtor\u2019, there was an \u2018Acknowledgement of\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":333709,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/10\/23\/supreme-court-sets-aside-nclat-judgment-that-closed-insolvency-process-against-byju\/","url_meta":{"origin":350472,"position":4},"title":"Supreme Court overturns NCLAT judgment that closed insolvency process against Byju\u2019s, following settlement with BCCI","author":"Apoorva","date":"October 23, 2024","format":false,"excerpt":"The present appeal raises substantial questions about the legal framework governing the withdrawal of a CIRP; the settlement of claims after the admission of an application instituted by a debtor; and the scope of the inherent powers vested in the NCLAT under Rule 11 of the NCLAT Rules.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Insolvency Process against BYJU","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Insolvency-Process-against-BYJU.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Insolvency-Process-against-BYJU.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Insolvency-Process-against-BYJU.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Insolvency-Process-against-BYJU.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":271825,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/18\/reduction-of-share-capital-is-a-matter-of-domestic-concern-nclat-confirms-reduction-of-the-share-capital-approved-by-the-shareholders-of-precious-energy-services-ltd\/","url_meta":{"origin":350472,"position":5},"title":"“Reduction of Share Capital is a matter of domestic concern”; NCLAT confirms reduction of the share capital approved by the shareholders of Precious Energy Services Ltd.","author":"Editor","date":"August 18, 2022","format":false,"excerpt":"\u00a0 \u00a0 National Company Law Appellate Tribunal (NCLAT): While deciding the instant appeal filed by Precious Energy Services Ltd., against the order of NCLT holding the reduction of share capital to be against the interests of the company; the Bench of Justice Anant Bijay Singh (Judicial Member) and Shreesha Merla\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"NCLAT","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/NCLAT_New.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/NCLAT_New.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/NCLAT_New.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/NCLAT_New.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/NCLAT_New.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/350472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67524"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=350472"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/350472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/315817"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=350472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=350472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=350472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}