The NCLAT has reserved its judgment in the Jaypee insolvency case after arguments from both sides. Vedanta alleged the resolution process was not transparent and the evaluation was unfair. The Resolution Professional countered that the process followed approved frameworks. Adani, declared winners, said competitive bidding enhanced value—while the tribunal waits to decide.
The NCLAT has adjourned the hearing on Vedanta Ltd’s petitions challenging Adani Enterprises’ ₹14,535-crore bid for Jaiprakash Associates Ltd. The tribunal cited a change in the bench, pushing the decision timeline further. Vedanta’s move contests the selection process as stakeholders await a fresh hearing date and next steps in the corporate battle.
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