04-May-2026
Corporate News
 
NCLAT dismisses Vedanta plea against Adani’s Jaiprakash Associates bid, upholds NCLT order
04-May-2026

The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed two petitions filed by Vedanta Ltd, which had challenged the selection of Adani Enterprises’ resolution plan for debt-laden Jaiprakash Associates Ltd (JAL). A two-member bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra held that no grounds had been made out to interfere with the order of the National Company Law Tribunal (NCLT), which had approved the resolution process.

News Source:- https://economictimes.indiatimes.com/news/company/corporate-trends/nclat-upholds-adani-groups-bid-for-jaiprakash-associates-backs-lenders-decision/articleshow/130756536.cms