Founder of Aakash Educational Services Ltd. (AESL), Jagdish Chand Chaudhry has petitioned the NCLT against suggested Article of Association changes. He contends these adjustments could let Byju’s reduce its 26% ownership to cover debt, therefore affecting minority owners. Concerning financial malfeasance, a leaked memo on March 15, 2025, showed Aakash’s cash reserves had decreased to $50 million. Aakash’s adviser, however, defended the changes as following RBI recommendations. Notices to important stakeholders have been sent by the NCLT; the next hearing is scheduled for April 30, 2025, so guiding the company’s governance destiny.