The National Company Law Tribunal (NCLT) has adjourned the hearing on Vedanta Limited’s proposed demerger, which was listed for today, to October 8.
The matter, which has drawn strong objections from the government over issues related to liabilities, disclosure norms, and potential risks post-demerger, will now come up for detailed hearing on the new date.
The government has previously argued that the tribunal must examine whether the demerger scheme is being used to frustrate the recovery of dues, while also flagging concerns over misrepresentation of hydrocarbon assets and the financial viability of Malco Energy, a demerged entity expected to face liquidation risks.
With the adjournment, Vedanta’s restructuring plans remain under close scrutiny as the next hearing approaches.
