CAMEO+ eventCORPORATE2026-05-04馃嚠馃嚦
NCLAT upholds Adani bid and rejects Vedanta plea in Jaypee insolvency case
source: National Company Law Appellate Tribunal (NCLAT) -> target: Vedanta
On 2026-05-04, India's National Company Law Appellate Tribunal (NCLAT) dismissed Vedanta's plea challenging Adani Group's resolution plan for Jaiprakash Associates Limited. The ruling upheld the earlier approval of Adani's Rs 14,535 crore bid and found no irregularities in the creditors' decision. The decision clears the way for implementation of the resolution plan in the ongoing insolvency case.
0.29Significance4.0Magnitude0.5Systemic0.5Market2Articles
Location
New DelhiDelhiSouth AsiaIndiaAsia28.614, 77.209
Story Links