In Short : The NCLAT has stayed the NCLT’s order rejecting Vedanta’s power business demerger and its merger with Talwandi Sabo Power Ltd. The earlier rejection followed creditor SEPCO’s objection over undisclosed ₹1,251 crore debt. Vedanta remains committed to its restructuring plan, aiming to unlock value. The next hearing is scheduled for August 4, 2025. […]
NCLAT order implies Mistrys can sell stake in Tata Sons to save Sterling and Wilson
The promoters of Sterling Wilson Solar currently owe the company Rs 2,341 crore, which includes a principal amount of Rs 2,085 crore and interest of Rs 256 crore, said a recent regulatory filing by the company Mumbai : As an implication of NCLAT’s order converting Tata Sons back to a public limited company, the Mistry […]
NCLAT restores Cyrus Mistry as chairman of Tata Group, N Chandrasekaran’s appointment held illegal
The order will take effect after four weeks and Tata has the option to challenge it. An appeals court upheld charges by Cyrus Mistry that he was improperly ousted as chairman of the $110 billion Tata Group, paving the way for his reinstatement and marking a loss for the conglomerate’s chairman emeritus Ratan Tata. A […]
NCLAT allows GE to sell stake in Baker Hughes with riders
A three-member bench headed by Chairperson Justice S J Mukhopadhaya also said that such sales should not affect the business of Triveni Turbine Ltd and its JV firm GE Triveni Ltd (GETL). New Delhi: The National Company Law Appellate Tribunal (NCLAT) Tuesday allowed General Electric (GE) to sell a controlling stake in its step-down subsidiary […]
