Aakash Educational Services has moved the National Company Law Tribunal (NCLT) against EY India for alleged conflict of interest and breach of professional conduct.
The dispute between Aakash and BYJU’S emerged from a lawsuit filed by BYJU’S parent company Think & Learn Pvt Ltd, leading to a status quo of shareholding.
Aakash accused EY of aiding BYJU’S in financial forecasting, liquidity management, and decision-making processes, calling for the dismissal of BYJU’S petition or to make EY LLP and its partner respondents in the case.
BYJU’S Interim Resolution Professional (IRP) had raised queries about Aakash's board representation, which Aakash pointed out as conflicts of interest within EY.