Vedanta moves SC to stay Adani Group's takeover plan for Jaiprakash Associates

After NCLAT declined to stay Adani Group's resolution plan for the assets of bankrupt Jaiprakash Associates, Vedanta has moved the Supreme Court, Moneycontrol reported. Vedanta argues its bid of ₹16,726 crore offered a higher value than Adani's ₹14,535 crore offer. Earlier, Vedanta Chairman Anil Agarwal said they had won the bidding process before it was reversed in a "commercial conspiracy".