The government has flagged concerns over the recovery of its dues post the demerger of Vedanta. (Photographer: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The National Company Law Tribunal on Wednesday wrapped up its hearing in the Vedanta demerger case, after hearing the government's objection to the company's proposal to split itself.
"The Mumbai Bench of the National Company Law Tribunal (NCLT) today completed hearings on the Vedanta demerger scheme and the MoPNG application and has reserved the matter for orders," a spokesperson of Vedanta said.
During the hearing, Additional Solicitor General of India Brijender Chahar argued that post the demerger, the resultant company won’t have enough assets to cover government dues.
The counsel r

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