Vedanta Demerger in Trouble as NCLT Strikes Down Talwandi Sabo Power’s Scheme over Financial Non-Disclosure [Read Order]
NCLT rejected TSPL's demerger scheme, citing financial non-disclosure after finding that Vedanta Limited failed to disclose a Rs. 1,251 crore liability owed to SEPCO
By Kavi Priya - On March 5, 2025 6:25 pm - 2 mins read
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) rejected the Scheme of Arrangement involving Talwandi Sabo Power Limited ( TSPL ), a wholly owned subsidiary of Vedanta Limited, citing financial non-disclosure. Vedanta Limited, a diversified natural resources company, proposed a corporate restructuring plan to demerge its businesses into independent entities. The…
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