The Economic Times

NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding process

The National Company Law Appellate Tribunal has reserved its judgment in the Jaypee insolvency case. Vedanta Group argued the resolution process lacked transparency and fair evaluation. The Resolution Professional defended the process, stating it followed approved frameworks. Adani Group, the declared winners, highlighted value enhancement through competitive bidding.