The Economic Times

Selection process of bidder for JAL was fair, transparent & not tailor made: Lenders to NCLAT

Lenders defended their decision to select Adani Enterprises as the successful bidder for Jaiprakash Associates, telling the NCLAT that the process was fair and transparent. They argued that Vedanta's late addendum, offering more money, was rejected as it violated the established bidding framework and would have caused further delays.