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MUMBAI: The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to Oct 8, as the ministry of petroleum and natural gas objected to the scheme, citing a lack of necessary disclosures. The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in five days. The counsel for the ministry told the tribunal that they are seeking details about the RJ block, and have asked for clarifications on disclosures.
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Source: Times of India
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