NCLAT reserves order on Vedanta’s pleas against selection of Adani’s bid for JAL
NCLAT declined any interim stay over the Vedanta Group’s plea against the order passed by the NCLT on March 17, approving Adani Group’s bid. File
| Photo Credit: Reuters
The National Company Law Appellate Tribunal (NCLAT) on Wednesday (April 22, 2026) reserved its order on Vedanta’s two petitions against the selection of Adani Enterprises’ bid to acquire debt-ridden Jaiprakash Associates Ltd (JAL) through an insolvency process.
A two-member NCLAT Bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra concluded its hearing following arguments from Vedanta and respondents, including the Resolution Professional, Committee of Creditors (CoC) and Adani Enterprises.
Published – April 22, 2026 03:53 pm IST
