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

The tribunal has kept the final verdict for later

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.