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Vedanta has approached the Supreme Court seeking a stay on Adani Enterprises’ resolution plan for Jaiprakash Associates. The dispute centers on alleged lack of transparency and rejection of Vedanta’s revised bid in the insolvency process.
Mining company Vedanta Limited has approached the Supreme Court seeking a stay on the insolvency resolution plan of Adani Enterprises for Jaiprakash Associates Limited (JAL). The case is titled Vedanta Ltd Vs Bhuvan Madan, RP of Jaiprakash Associates. Vedanta has challenged the March 24 order of the National Company Law Appellate Tribunal (NCLAT), which refused to stop the implementation of Adani’s…