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Vedanta – NCLT Hearing Update

Author: Published on: Published in: Vedanta (NSE:VEDL)

September 19, 2025 – The September 17 NCLT hearing on Vedanta Limited’s demerger focused on Vedanta’s significant governance failures and material financial risks. The Government of India (GoI), through the Ministry of Petroleum and Natural Gas (MoPNG), accused Vedanta Limited (VEDL) of misrepresentation, concealment of liabilities, and breaches of law.

For years, VEDL’s parent, Vedanta Resources Limited (VRL) implied that it was insulated from regulatory action, whether through political connections or claims of systemic importance. The NCLT hearing demonstrated that this assumption no longer holds.

These findings come on the eve of a Supreme Court hearing of a Public Interest Litigation that seeks to compel SEBI and RBI to investigate Vedanta and to recover $1.5b in brand fees remitted to its parent.

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