NCLAT allows Adani's ₹14,535 crore bid for Jaiprakash Associates
after close1 source ↓written by the desknot a recommendation
The NCLAT has declined to grant an interim stay on Adani Enterprises' ₹14,535 crore resolution plan for Jaiprakash Associates Ltd. This decision allows the implementation of the plan to proceed, despite Vedanta Group's challenge. The tribunal has requested responses from the Committee of Creditors and will continue hearings next month, keeping the insolvency process active.
Not investment advice. For informational purposes only.