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News Topical, Digital Desk : Vendata Demerger Case: The hearing on the demerger case of Vedanta Ltd. continued on Tuesday at the National Company Law Tribunal ( NCLT) in Mumbai . The court ordered the company to submit all No-Objection Certificates (NoCs) received from banks and financial institutions by tomorrow . During the hearing , the NCLT clarified that all necessary permissions and documents must be presented to the court before the demerger process can proceed . The court ordered , " Vedanta should bring on record the NoCs received from all banks by tomorrow ." Meanwhile, lawyers representing the company argued that the government is not yet a creditor in this case , and therefore, it has no right to object to the demerger . According to legal experts, only the company's creditors , i.e., lenders, have the right to challenge the demerger process. Under its demerger plan , Vedanta has proposed to split the company into several independent units, which will include segments such as metals , power, oil and gas, and semiconductors .
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