Adani Group defended its successful bid for Jaypee Associates at the NCLAT, countering Vedanta’s challenge. It argued the process was fair and that Vedanta’s belated higher offer undermines the Insolvency and Bankruptcy Code’s sanctity.
Adani Argues Process Was Fair and Transparent
Senior Advocate Ritin Rai, appearing for the Adani Group, submitted that the challenge mechanism was conducted in a fair, transparent, and structured manner, with equal…