The National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT's order which allowed Vedanta Group firm Twin Star Technologies to takeover Videocon Industries. Twin Star had offered to pay ₹2,962 crore against creditors' admitted claims of ₹64,838.63 crore. Creditors, including Bank of Maharashtra and IFCI, had filed a petition arguing that the 96% haircut is loss of public money.