India, March 27 -- Extending the months-long turmoil over Aakash Institute's fundraise plans, the National Company Law Tribunal (NCLT) has ordered a status quo on the shareholding of the edtech till the next hearing on April 30.

The direction was issued by the NCLT's Bengaluru bench in response to a plea filed by the resolution professional of BYJU'S, Bar and Bench reported.

The report cited judicial member Sunil Kumar and technical member Radhakrishna Sreepada saying that the status quo has been ordered to "avoid the issues between the parties" to further complicate the matter.

The move effectively pauses the company's bid to amend its articles of association (AoA) for at least a month. Aakash is looking to alter its AoA to raise fres...