मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Vedanta spinoff faces setback
Mint New Delhi
|March 05, 2025
The National Company Law Tribunal dismissed the demerger scheme filed by Talwandi Sabo Power Ltd (TSPL) at an initial stage, in a setback for the five-way spin-off of its parent Vedanta Ltd.
The tribunal's Mumbai bench, comprising judicial member Reeta Kohli and technical member Madhu Sinha, on Tuesday ruled that TSPL's proposed demerger scheme of arrangement lacked the necessary disclosures, specifically regarding the company's debt obligations.
Sepco Electric Power Construction Corporation (Sepco), a creditor of TSPL, had raised objection to the scheme, claiming that the power unit had deliberately excluded their outstanding debt of ₹1,251 crore from the list of creditors. The tribunal deemed it non-compliant with legal requirements.
यह कहानी Mint New Delhi के March 05, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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