India’s latest coal bed methane licensing round failed to spark much competition, with seven of 13 blocks receiving no bids and four landing just a single bidder. Even a Special CBM Bid Round 2026 with more liberal terms attracted only three companies, leaving just two blocks to face competitive bidding.
Lenders defending the Jaiprakash Associates bid process before the NCLAT say selecting Adani Enterprises was fair and transparent. They rejected Vedanta’s late addendum offering more money, arguing it violated the pre-set bidding framework and would have prolonged delays. The hearing centers on claims that the process was tailored versus competitively handled under the original timelines and terms.
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