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Adani tells NCLAT lenders back Jeetpakash process not judgeable wisdom as Vedanta counters

Adani tells NCLAT lenders back Jeetpakash process not judgeable wisdom as Vedanta counters

Adani Enterprises has told the NCLAT that the Jaiprakash Associates resolution followed due process, with evaluation metrics disclosed upfront and accepted by bidders. It opposed Vedanta’s late addendum, warning it could undermine process integrity. Adani also argued lender decisions represent commercial wisdom beyond judicial review, as the dispute remains pending before the tribunal.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Lenders tell NCLAT JAL bidder selection was fair not tailor made rejecting Vedanta late offer

Lenders tell NCLAT JAL bidder selection was fair not tailor made rejecting Vedanta late offer

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.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Supreme Court orders NCLAT to speed up merger of Supertech’s remaining 14 housing projects

Supreme Court orders NCLAT to speed up merger of Supertech’s remaining 14 housing projects

The Supreme Court has asked the NCLAT to quickly decide on merging debt-ridden Supertech’s remaining 14 housing projects. The plan is to move stalled construction toward completion while addressing homebuyers’ long-running grievances. NCLAT will hear all stakeholders, including land agencies and farmers, following an earlier order for NBCC to finish 16 other Supertech projects.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLAT reserves judgment in Jaypee insolvency fight as Vedanta and Adani trade accusations

NCLAT reserves judgment in Jaypee insolvency fight as Vedanta and Adani trade accusations

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.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLAT adjourns Vedanta challenge to Adani bid for JAL after bench change

NCLAT adjourns Vedanta challenge to Adani bid for JAL after bench change

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.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLAT hears claim Vedanta was never declared highest bidder for Jaiprakash Associates

NCLAT hears claim Vedanta was never declared highest bidder for Jaiprakash Associates

In the insolvency case of Jaiprakash Associates, the resolution professional told the NCLAT that Vedanta was never formally declared the highest bidder. The only evidence cited was an email showing the highest financial value discovered, not an official bid award. Vedanta’s petition is being argued as lacking legal and factual backing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Lavasa homebuyers rush to NCLAT alleging flawed creditor resolution and opaque insolvency process

Lavasa homebuyers rush to NCLAT alleging flawed creditor resolution and opaque insolvency process

Lavasa homebuyers have filed a fresh appeal at NCLAT challenging a resolution plan cleared by creditors. They allege discriminatory treatment, serious flaws in how the plan was approved, and a lack of transparency in the insolvency process. Homebuyers are seeking tribunal intervention to ensure fair treatment and address the alleged injustices.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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