India, Oct. 28 -- Update | 10:55 IST

Days after the NCLT rejected BYJU'S plea for an interim stay on Aakash Educational Services Ltd's (AESL's) extraordinary general meeting (EGM) to approve a rights issue, the troubled edtech's parent Think & Learn has moved the NCLAT against the order.

During the proceedings, senior advocate CA Sundaram sought a stay to protect the interest of Think & Learn, which currently holds about 25% stake in AESL, news agency PTI reported.

Senior advocate Gopal Subaramanium, appearing for the respondents, said the EGM meeting on October 29 is only for AESL shareholders' resolution. Following that, a letter of offer should be sent out to all shareholders to subscribe, he added.

Meanwhile, a two-member bench of...