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NCLAT refuses to stay Adani's ₹15,000-cr Jaiprakash Associates plan, allows its delisting
short by Ashley Paul / on Tuesday, 24 March, 2026
NCLAT refused to stay the implementation of Adani Enterprises' ₹14,543-crore resolution plan for bankrupt Jaiprakash Associates, which Vedanta had challenged and called a "commercial conspiracy". The tribunal also allowed the delisting of Jaiprakash Associates' shares while it hears Vedanta's argument. It also sought responses from Jaiprakash Associates' Committee of Creditors on Vedanta's plea.
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