Vedanta urges NCLT to review Adani's resolution plan for Jaiprakash Associates
MINT·2026-02-12 11:56
New Delhi: Billionaire Anil Agarwal-led Vedanta Ltd on Thursday urged the National Company Law Tribunal (NCLT) to review a decision by lenders to approve Adani Enterprises Ltd’s over ₹15,000 crore resolution plan for bankrupt Jaiprakash Associates Ltd (JAL).Terming the approval a “commercial conspiracy”, Vedanta challenged the November 2025 decision of the committee of creditors (CoC) in the Allahabad bench of the NCLT and requested the tribunal to send the plan back to lenders for fresh consideration.Senio ...