NCLT rejects Talwandi Power's demerger in Vedanta restructuring plan

Q: How long will it take to read this news story?

The story "NCLT rejects Talwandi Power&#039;s demerger in Vedanta restructuring plan" has 492 words across 13 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "NCLT rejects Talwandi Power&#039;s demerger in Vedanta restructuring plan" was covered 19 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 259 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26681536</li><li>URL: https://chronographically.beamstart.com/news/nclt-rejects-talwandi-powers-demerger-174119084791</li></ul>

Business Standard Logo Business Standard 19h ago

NCLT rejects Talwandi Power's demerger in Vedanta restructuring plan - Business Standard

Quick Summary:

The National Company Law Tribunal has dismissed the demerger scheme filed by Talwandi Sabo Power Ltd (TSPL) after objections were raised by SEPCO, a creditor of TSPL, in relation to the demerger of Vedanta.

The Mumbai bench of NCLT in its ruling on Tuesday said, "...keeping in view the facts and circumstances of the present case, we deem it appropriate to reject the scheme presented by the Applicant under Section 230 of the Companies Act".

It further observed that "...material facts have not been disclosed by the Applicant company, violating Section 230 (2)(a) of the Companies Act, 2013, which in our considered opinion is bound to prejudice the public interest at large".