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Vedanta moves SC to stay Adani Group's takeover plan for Jaiprakash Associates
short by Garima Garg / on Monday, 30 March, 2026
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".
read more at Moneycontrol