Setback for Vedanta! NCLT upholds Adani's ₹15,000cr plan for Jaypee
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The National Company Law Appellate Tribunal (NCLAT) has upheld the approval of Adani Enterprises's over ₹15,000 crore resolution plan for Jaiprakash Associates Ltd under the insolvency process.
The decision comes as a major blow to Vedanta, which had challenged the move.
The plan was previously approved by the National Company Law Tribunal (NCLT).
The decision comes as a major blow to Vedanta, which had challenged the move.
The plan was previously approved by the National Company Law Tribunal (NCLT).
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