Why Aakash’s Founder Jagdish Chaudhry Went Against His Own Company
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.