Companies that operate and profit extraterritorially must be accountable extraterritorially. The Supreme Court judgement on jurisdiction is a welcome step in making that possible.

Now Vedanta Limited has obtained an independent legal opinion from Hon’ble Mr. D.Y. Chandrachud, Former Chief Justice of India in relation to the allegations made in the Viceroy Research report concerning the Group. A copy of the legal opinion is being submitted to the stock

HZL CEO carefully avoids saying it was “approved”, only “discussed” before being “finalized.”- "We are very clear in our approach. We take matters to board after due consultation, legal vetting. we share (the proposals) with Government of India, nominee director before the.

A must watch report on Viceroy vs Vedanta .The Deafening Regulatory Silence @suchetadalal.

~Vedanta imposed a ‘brand fee’ on Hindustan Zinc in October 2022. This is not only an uncommercial contract, but a breach of the company’s shareholder agreement with the government of India, the firm said. Vedanta had acquired a stake in Hindustan Zinc from the government in 2002.

Government nominees on the Hindustan Zinc Ltd (HZL) board will likely quiz the management on the company’s dealings with its promoter Vedanta Ltd and other related parties at the next board meeting on July 18, people aware of the development said. The government had a 27.92%.

Vedanta's key operating subsidiaries reveal a​ "portfolio riddled with financially unviable assets, undisclosed liabilities, systematic fraud, and profound governance failures.".Veteran watchers of Vedanta will feel a dismal sense of déjà vu. This is not the first time the group.

Hundreds of millions of dollars will flow out of India to Singapore and then vanish into the Agarwal’s labyrinthine offshore network. Vedanta Aluminium, HZL and BALCO are targeted precisely because they are the remaining profitable areas of.the Vedanta Group. The Agarwal.

The Agarwal family appears to control hidden shareholdings in VEDL, and previously Hindustan Zinc Limited (HZL), through undisclosed fronts: the Bhadram Janhit Shalika Trust (BJST), and its subsidiary PTC Cables Pvt Ltd (PTCC). BJST appears to be Employee Welfare Trust (EWTs),.

Could the questions that Viceroy posed to Vedanta have been asked by its independent directors? Or its bankers? Or rating agencies? Or large institutional shareholders (foreign institutional investors (FIIs) and domestic institutional investors (DIIs) who together hold over 27%.

Critics may argue that Vedanta’s Indian operations are being financially hollowed out to service international debt obligations of the parent company (VRL), enabled by regulatory capture and weak enforcement—essentially turning India’s natural wealth into a debt-repayment machine.

India has rolled back a decade-old clean-air mandate, relaxing sulphur emission rules for most coal-fired power plants. The government order exempts 79% of plants outside populated areas from installing flue-gas desulphurisation systems. Only 10% of plants near major cities must.

Prof Matthew Currell, one of Australia's leading hydrogeologists, from Griffith University in Melbourne - say the site is ecologically significant and potentially vulnerable. "We started noticing a couple of things, from time to time actually seeing hydrocarbons being detected.

Vedanta is a 'parasite' holding company! .Here are the six major discrepancies according to Viceroy's co-founder: .1. Bait and switch funding model.2. Irreconcilable interest Expenses.3. Inflated asset values.4. Capex fraud.5. Off-balance sheet items.6. Governance failure.“Even.

Vedanta 'resembles a Ponzi scheme' - The report flagged alleged financial irregularities at Vedanta Resources (VRL), the heavily indebted parent and majority owner of the Indian-listed Vedanta, and disclosed that Viceroy is short on VRL’s debt stack. Viceroy Research said that.

A possible US public listing for its Zambian unit (KCM), among “other financing options”, as it looks to raise approximately $1 billion for mine development. Talks are on with a couple of investment bankers too, these sources said, adding that New York is amongst the probable.

~The Gadchiroli District Mining Authority (GDMA) constituted to develop the Maoist-affected Gadchiroli district as a new steel manufacturing hub, has been given similar legal immunity. According to the bill tabled in the assembly, the authority has the power to make rules and.

Sijimali Calling Go back Vedanta-No bauxite mining in our land -A must watch report that is unfolding in Odisha where BJP-BJD-Cong combined front is throttling the issue of Tribals protesting .mines. Bring Vedanta to Justice.

~Consider the Baiga people’s​ displacement from the Achanakmar Kanha Forest Reserve or the​ recent protests by the Jenu Kuruba​ community against eviction from​ Karnataka’s Nagarhole tiger reserve. In both cases, tribal access to​ forest resources has been restricted,​ while.