Vedanta Gets a Green Signal from NCLAT on NCLT Stay

Vedanta challenged the NCLT order, and on May 27, 2025, NCLAT brought a ray of hope for Vedanta. It stayed the NCLT's rejection order, allowing the demerger of TSPL to proceed. However, the relief came with some conditions. Vedanta TSPL was supposed to provide a bank guarantee to secure SEPCOu2019s claim. This gives assurance that the creditorsu2019 interests are protected, allowing Vedanta to move forward with its broader demerger plan.<br><br>

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Vedanta Gets a Green Signal from NCLAT on NCLT Stay

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