The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on
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VEDL
proposed demerger amid reports that the government has doubled down on its argument against the Anil Agarwal-led company's demerger plans .
The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in five days.
According to a CNBC-TV18 report, the government flagged concerns about financial risks after the demerger, inadequate disclosure of liabilities, misrepresentation of hydrocarbon assets, and possible violation of market regulator SEBI’s disclosure requirements.
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