Challenge filed against Adani's ₹14,543 crore plan for Jaiprakash Associates
after close1 source ↓written by the desknot a recommendation
- demand
- ₹1 crore
- the case
- 20 March
Velocity Enterprises has filed a challenge against Adani's ₹14,543-crore resolution plan for Jaiprakash Associates Ltd in the NCLAT. The contractor claims it was denied a fair opportunity to present its claim after the NCLT rejected its demand of over ₹1 crore. The NCLAT will hear the case on 20 March. This challenge could impact the ongoing resolution process and investor sentiment around Adani's ventures.
Not investment advice. For informational purposes only.