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Vedanta's plea indirectly challenges commercial wisdom of CoC: Adani to NCLAT

Adani Enterprises told NCLAT the Jaiprakash Associates resolution process followed due procedure, with evaluation metrics disclosed upfront and accepted by all bidders. It opposed Vedantas late addendum, saying it would undermine process integrity. Adani argued lender decisions reflect commercial wisdom, not subject to judicial review. The matter continues before the tribunal.

21 Apr 2026 9:51 pm