India, July 17 -- The creditors of Think & Learn, the parent company of troubled edtech giant BYJU'S, have approved a proposal to settle the long-running dispute over Aakash Educational Services' shareholding.

"The committee of creditors of Think & Learn has approved the settlement," the counsel for Think & Learn, Ichchha Kalash, told the Bengaluru bench of the National Company Law Tribunal (NCLT), according to an ET report.

"The settlement document has already been shared with Aakash and its majority shareholder Manipal Education and Medical Group," Kalash said. "We are awaiting their final report on that."

Kalash sought the next hearing on July 22, saying the parties were "at the last mile in that sense" and expected to conclude the ...