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NCLAT rejects Vedanta challenge to Adani bid for Jaiprakash Associates insolvency deal
Business
Published on 5 May 2026
Court backs Adani again despite Vedanta’s challenge
The NCLAT has dismissed Vedanta Ltd’s plea against the Gautam Adani group’s winning bid for bankrupt Jaiprakash Associates. The tribunal found Vedanta’s petitions without merit and upheld the Committee of Creditors’ ₹14,535-crore decision. Jaiprakash had entered insolvency after failing to repay bank dues exceeding ₹57,000 crore.
- NCLAT rejected Vedanta’s appeal over Adani group’s bid
- Tribunal upheld the Committee of Creditors’ ₹14,535-crore offer
- Jaiprakash Associates entered insolvency after over ₹57,000 crore bank dues
- Vedanta now faces no further relief in this challenge
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times