Viceroy vs Vedanta: PIL seeks probe into allegations raised against Vedanta
PIL claims that parts of allegations raised by Viceroy can be corroborated using publicly available information with ROC, MCA and Sebi. The PIL is claiming multiple violations of the Companies Act and various SEBI norms.In its 87 page report, Viceroy Research had made a host of allegations against Vedanta Resources and Vedanta Limited. It had cited Vedanta Resources to be a “parasite” holding company, draining Vedanta Limited.
PIL claims that parts of allegations raised by Viceroy can be corroborated using publicly available information with ROC, MCA and Sebi. The PIL is claiming multiple violations of the Companies Act and various SEBI norms.In its 87 page report, Viceroy Research had made a host of allegations against Vedanta Resources and Vedanta Limited. It had cited Vedanta Resources to be a “parasite” holding company, draining Vedanta Limited.
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