Overview
- The coaching chain closed at least 33 centres in Mumbai and Maharashtra after a July 7 branch-head meeting and a suspension of operations that began on July 10, leaving scheduled classes halted just after 2026-27 admissions and fee collection.
- Reporting estimates of affected students vary from about 800 to roughly 2,500, with many families having paid large upfront fees for board-year courses and now demanding pro rata refunds or formal restitution.
- Arihant Academy says it is taking in more than 1,000 displaced students on a humanitarian basis and offering roles to some staff, while denying it has taken over the business or assumed liability for fees or salaries.
- Parents and activists have filed complaints with state leaders and are preparing legal action, citing lack of official communication from the company and calling for a government inquiry and a fee audit.
- MT Educare Ltd has been under the National Company Law Tribunal’s Corporate Insolvency Resolution Process since December 2022, and teachers report months of unpaid or irregular salaries, highlighting the limited regulatory oversight of private coaching institutes.