Byju’s case: Aakash Edu moves NCLT to implead EY

BENGALURU: Aakash Educational Services filed an application before the NCLT in Bengaluru, seeking to dismiss a petition filed by Byju’s and calling for the impleadment of consultancy firm EY and its partner Ajay Shah. AESL alleged a conflict of interest, citing EY’s past advisory roles in transactions now being challenged by the resolution professional (RP) of Think & Learn, Byju’s parent entity.In its application dated June 1, AESL claimed that EY and Shah played a central role in financial, legal, and compliance-related matters for the company, including the structuring of non-convertible debentures, their conversion to equity, and other board-level decisions. The same transactions are now under challenge by the RP, Shailendra Ajmera, who AESL alleges is also affiliated with EY.