The resolution to amend Aakash Educational Services' Articles of Association (AoA) has been stayed by the Supreme Court.

Singapore VII Topco, a Blackstone-backed entity holding a 6.97% stake in Aakash, filed a petition claiming that the amendment is intended to dilute minority shareholders' interests.

The National Company Law Tribunal (NCLT) had previously blocked the resolution, but the Karnataka High Court temporarily lifted this ruling.

The Supreme Court has now directed Aakash Institute to seek recourse from the National Company Law Appellate Tribunal (NCLAT) within seven days, which adds to the challenges faced by Byju's in managing its financial situation and addressing concerns from minority shareholders.