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Vedanta Group

NCLAT Rejects Vedanta’s Plea in Jaiprakash Associates Insolvency

NCLAT Rejects Vedanta’s Plea in Jaiprakash Associates Insolvency

In a decisive verdict marking the end of a prolonged legal battle, the National Company Law Appellate Tribunal (NCLAT) rejected Vedanta’s challenge to Adani’s acquisition of debt-ridden Jaiprakash Associates Limited (JAL) on May 4, 2026. The tribunal found no merit in seven contentions raised by Vedanta, upholding the Committee of Creditors’ commercial wisdom. Despite Vedanta’s higher bid of ₹17,926 crore, Adani’s ₹14,535 crore offer prevailed based on comprehensive evaluation metrics.
Vedanta Drags Adani to Supreme Court Over JAL Takeover

Vedanta Drags Adani to Supreme Court Over JAL Takeover

Vedanta has rushed to the Supreme Court seeking a stay on Adani’s takeover of debt-laden Jaiprakash Associates. Anil Agarwal’s group claims it was declared the highest bidder in the insolvency process and even received written confirmation, but lenders suddenly picked Adani Enterprises for its faster cash payout promise.
Adani and Jindal power compete in bids to acquire Sinnar Thermal Plant

Adani and Jindal power compete in bids to acquire Sinnar Thermal Plant

Adani power, Jindal power , Vedanta Group , Orissa Metaliks , and VFSI Holdings Pte are competing to buy the sufferings of Sinnar