Tata Motors Limited (TML) on Friday said that the National Company Law Tribunal (NCLT) has sanctioned its Composite Scheme of Arrangement involving the demerger of its commercial vehicles business and the amalgamation of its passenger vehicles vertical. Most of the restructuring, which has been under consideration for over a year, will take effect from October 1.The company in a stock filing informed cessation of Independent Directors including Hanne Sorensen as a Non-Executive Independent Director from the ...