GLAS Trust Company LLC, a principal member of the CoC of Think and Learn Private Limited (TLPL), filed an application seeking an order of interim injunction to restrain Aakash Educational Services Limited (Akash) from convening an extraordinary General Body meeting and preventing the reduction of TLPL's shareholding in Akash. TLPL is undergoing CIRP, and Akash proposed to increase its authorized share capital, which would dilute TLPL's shareholding.
TLPL holds approximately 25.41% shares in Akash.
TLPL is undergoing CIRP vide an order dated 16.07.2024.
Akash proposed to hold an extraordinary General Body meeting to increase its authorized share capital.
Glas Trust, a principal member of the CoC of TLPL, sought an interim injunction to restrain Akash from convening the meeting and reducing TLPL's shareholding.
Akash's Board resolved to raise funds by issuing debentures on 22.04.2023, resulting in a Debenture Trust Deed on 25.04.2023.
The RP of TLPL did not attend Akash's Board meeting on 21.10.2024, where a resolution for amending the Articles of Association was passed.
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TLPL was admitted to…
The Board of Akash…
GLAS Trust Company LLC, a principal member of the CoC of Think and Learn Private Limited (TLPL), filed an application seeking an order of interim injunction to restrain Aakash Educational Services Limited (Akash) from convening an extraordinary General Body meeting and preventing the reduction of TLPL's shareholding in Akash. TLPL is undergoing CIRP, and Akash proposed to increase its authorized share capital, which would dilute TLPL's shareholding.
TLPL holds approximately 25.41% shares in Akash.
TLPL is undergoing CIRP vide an order dated 16.07.2024.
Akash proposed to hold an extraordinary General Body meeting to increase its authorized share capital.
Glas Trust, a principal member of the CoC of TLPL, sought an interim injunction to restrain Akash from convening the meeting and reducing TLPL's shareholding.
Akash's Board resolved to raise funds by issuing debentures on 22.04.2023, resulting in a Debenture Trust Deed on 25.04.2023.
The RP of TLPL did not attend Akash's Board meeting on 21.10.2024, where a resolution for amending the Articles of Association was passed.
…TLPL was admitted to…
The Board of Akash…