The government has raised objections to Vedanta’s proposed restructuring plan, alleging concealment and non-disclosure of material information in its demerger scheme, according to CNBC-TV18 on Wednesday.The matter was heard at the National Company Law Tribunal, where officials flagged concerns over inflated revenues and hidden liabilities. Government representatives argued that Vedanta modified key aspects of its scheme after receiving a no-objection certificate from SEBI and stock exchanges. SEBI confirmed that changes were made after clearance, terming it a breach of its master circular. The regulator said it had issued an administrative warning to Vedanta and added that such modifications should have been placed before the company’s board for approval.
.png)
