India, March 11 -- In the latest legal tussle involving BYJU'S, Glas Trust, which represents the edtech startup's US lenders, has reportedly sought the National Company Law Appellate Tribunal (NCLAT) hearing on Aakash Institute's governance changes.

An ET report said that Glas Trust has also asked for an interim stay (temporary halt) on key decisions made at an extraordinary general meeting (EGM) of Aakash in November 2023. These decisions were related to changes in the company's articles of association (AoA), which define rules on ownership and management.

However, the report said that today (March 11), the NCLAT refused to grant the stay and scheduled the next hearing for March 17.

Despite this, Glas Trust is pushing for a proper hea...