Vedanta was never declared highest bidder for Jaiprakash Associates: RP to NCLAT

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Vedanta has filed 2 petitions, challenging the March 17 bid by the Allahabad seat of NCLT, which approved Adani Enterprises’ ₹14,535-crore bid to get JAL done the insolvency process. File picture | Photo Credit: Reuters

The solution nonrecreational of debt-ridden Jaiprakash Associates Ltd (JAL) told the National Company Law Appellate Tribunal (NCLAT) that determination has been nary ceremonial declaration identifying Vedanta arsenic the highest bidder successful the insolvency process, according to tribunal submissions.

Senior Advocate Abhishek Manu Singhvi, appearing for the Resolution Professional (RP), said an email dated September 5 circulated to each bidders lone conveyed the highest fiscal worth discovered during the situation process, and did not represent an authoritative declaration of a palmy bidder.

Published - April 17, 2026 04:54 p.m. IST

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