NCLAT dismisses Vedanta's plea against Adani's Jaiprakash bid
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea by Vedanta Ltd. challenging the Adani Group's winning bid of ₹14,535 crore for the bankrupt Jaiprakash Associates Ltd (JAL). This decision upholds the earlier National Company Law Tribunal (NCLT) order approving Adani's resolution plan, clearing a significant legal hurdle in JAL's insolvency proceedings.
May 05 2026 05:05:00
Vedanta vs Adani over Jaypee: NCLAT reserves judgment on Vedanta plea
The National Company Law Appellate Tribunal (NCLAT) has reserved its judgment on Vedanta's petition challenging Adani's approved resolution plan for Jaiprakash Associates Limited (JAL). This follows the Supreme Court's refusal to stay the takeover but a directive to NCLAT to expedite a final decision and implement safeguards regarding JAL's monitoring committee. The legal battle continues over the insolvency resolution process for the debt-ridden company.
Apr 22 2026 16:04:00
Jaiprakash Associates Ltd - 532532 - Disclosure Of Defaults On Payment Of Interest/Repayment Of
Principal Amount On Loans From Banks/Financial Institutions -For The Quarter Ended March 2026
Jaiprakash Associates disclosed defaults on interest/principal payments for loans for Q4 FY26. The company reported total financial indebtedness of ₹55,357.39 crore as of March 31, 2026, and is under CIRP, with NCLT approving a resolution plan by Adani Enterprises.
Apr 07 2026 20:04:00
Jaiprakash Associates Ltd - 532532 - Disclosure Of Defaults On Payment Of Interest/Repayment Of
Principal Amount On Loans From Banks/Financial Institutions - Month Ended March 2026
Jaiprakash Associates disclosed defaults on interest and principal payments for March 2026. Total outstanding borrowings from banks/financial institutions are ₹55,357.39 crore as of March 31, 2026. The NCLT has approved a resolution plan submitted by Adani Enterprises Limited for the company's Corporate Insolvency Resolution Process.
Apr 07 2026 20:04:00
Jaiprakash Associates Limited
Jaiprakash Associates reported ongoing loan defaults for Q4 FY26. The NCLT approved Adani Enterprises' resolution plan on March 17, 2026, a crucial step in its corporate insolvency process.
Apr 07 2026 20:04:00
Jaiprakash Associates Limited
Jaiprakash Associates has disclosed defaults on loan interest and principal payments totaling ₹55,357.39 crores from banks/financial institutions as of March 31, 2026. This disclosure is made in the context of the company's Corporate Insolvency Resolution Process (CIRP), where a resolution plan by Adani Enterprises Limited was approved in March 2026.
Apr 07 2026 20:04:00
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