NCLAT allows Adani's ₹14,535 cr bid for Jaiprakash Associates
pre-market1 source ↓written by the desknot a recommendation
- submitted by Adani
- ₹14,535 crore resolution plan
The National Company Law Appellate Tribunal (NCLAT) has declined to grant an interim stay on the ₹14,535 crore resolution plan submitted by Adani Enterprises for Jaiprakash Associates Ltd. This decision follows a challenge from Vedanta Group against the National Company Law Tribunal's approval. The resolution process remains active as the tribunal seeks responses from the Committee of Creditors, with the next hearing scheduled for early next month.
Not investment advice. For informational purposes only.