The National Company Law Tribunal (NCLT) has intervened in the ongoing insolvency proceedings of Byju's, a prominent Indian edtech firm, by staying an extraordinary general meeting (EGM) called by Aakash Educational Services, a subsidiary of Think & Learn. The NCLT's order prevents Aakash from amending its Articles of Association, which could potentially dilute the rights of minority shareholders, including significant stakeholders like Singapore VII Topco I. This legal move comes amidst concerns raised by Glas Trust, representing a group of US lenders who have provided $1.2 billion in loans to Byju's, regarding the implications of the EGM on Byju's insolvency process. In related news, Karnataka has announced its ambition to attract $3 billion in investments in space technology while supporting 500 startups, aiming for a 50% share of the national output in this sector.