Vedanta questions evaluation metrics behind selection of Adani's bid for JAL

Mining elephantine Vedanta Group connected Friday (April 10, 2026) questioned the valuation metrics adopted by lenders of Jaiprakash Associates Ltd (JAL), which had selected the little bid of ₹3,400 crore from Adani Enterprises for the debt-ridden company.

During proceedings of the insolvency appellate tribunal, National Company Law Appellate Tribunal (NCLAT), the counsel representing Vedanta Ltd said the "valuation successful the process has been utilized to hitch retired commercialized wisdom" by the committee of creditors (CoC).