NCLAT has relieved Vedanta by staying the order rejecting its demerger. The company's demerging plan into five independently listed entities was rejected by a trial-level tribunal after objections were raised by SEPCO, the China-based creditor of Vedanta's wholly-owned arm, TSPL. SEPCO had alleged that TSPL deliberately excluded their outstanding debt of ₹1,251 crore from the list of creditors.