NCLT Bengaluru dismissed IA No. 44/2026 filed by Glas Trust Company LLC seeking impleadment in a related application, rendering it infructuous.
The underlying dispute involves Think & Learn Pvt Ltd's 25.54% stake and special rights in Aakash Educational Services Limited, contested during insolvency.
Aakash Educational Services attempted to delete Think & Learn's special rights and conducted a rights issue, leading to multiple legal challenges.
The Resolution Professional secured CoC approval for funding to participate in the rights issue, but Aakash refused share allotment, diluting the stake to 10.99%.