The National Company Law Appellate Tribunal (NCLAT) has cleared Vedanta’s plan to restructure its power and metal businesses by overturning an order of the National Company Law Tribunal (NCLT) Mumbai bench that had blocked the move. Background of the Dispute The case centred on Talwandi Sabo Power (TSPL), part of Vedanta, which had filed a scheme of arrangement before NCLT as part of a wider demerger. The restructuring plan covers four group companies — Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel — along with their shareholders and creditors.