Vedanta’s Demerger faces setback: SC rejects plea, SEBI objects
The Supreme Court has upheld the decision of the Appellate Tribunal for Electricity on Vedanta's demerger plan, which had already been rejected by the NCLT. The court also dismissed Vedanta's plea for additional compensation, and this ruling means the company cannot claim benefits from the Talwandi Sabo Project. SEBI and the central government have also raised objections