NCLAT Upholds Adani Group’s Bid for Jaiprakash Associates in Landmark Ruling
The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal filed by Vedanta Limited on Thursday, effectively upholding the selection of the Adani Group’s bid for the debt-laden Jaiprakash Associates Limited (JAL). The ruling marks a significant milestone in the ongoing insolvency proceedings of the infrastructure conglomerate, clearing a major legal hurdle that had stalled…