Vedanta moves Supreme Court seeking stay on Adani’s takeover of Jaiprakash Associates

The move comes even as Agarwal on Sunday publicly claimed that Vedanta had earlier been declared the highest bidder for JAL and had received written confirmation to that effect, only for the decision to be reversed later without explanation.In a post on social media, Agarwal said the bidding process was “transparent” and that Vedanta was “declared the highest bidder publicly” during the insolvency proceedings. “We were informed in writing that we had won,” he said, adding that the outcome was later changed ...