Challenge filed against Adani's ₹14,543 crore plan for Jaiprakash Associates
pre-market1 source ↓written by the desknot a recommendation
- resolution plan
- ₹14,543-crore
- on 17 March
- ₹1 crore
- the case
- 20 March
Velocity Enterprises has filed the first challenge against Adani Enterprises' ₹14,543-crore resolution plan for Jaiprakash Associates Ltd in the NCLAT. The challenge follows the NCLT's rejection of Velocity's claim exceeding ₹1 crore on 17 March. The NCLAT is set to hear the case on 20 March. This legal hurdle may impact the resolution timeline and investor sentiment.
Not investment advice. For informational purposes only.