New Delhi, 13 April (H.S.):

The National Company Law Appellate Tribunal (NCLAT) on April 13, 2026, postponed hearings on two appeals by Vedanta Group contesting the selection of Adani Enterprises' bid for debt-saddled Jaiprakash Associates Limited (JAL).

Proceedings halted due to reconfiguration of the bench hearing Vedanta's pleas, triggered by a member's unavailability; NCLAT will soon schedule the next date.

Genesis of the Corporate Insolvency Dispute

Allahabad NCLT approved Adani's ₹14,535 crore resolution plan on March 17, 2026, for JAL's cement, infrastructure, and real estate assets. Anil Agarwal-led Vedanta impugned this, alleging flawed bidder selection despite its superior ₹17,926 crore offer.

NCLAT denied interim stays earlier, with Supreme Court upholding—yet subjecting implementation to appeal outcomes. Markets and investors await appellate verdict on this high-stakes mining sector showdown.

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Hindusthan Samachar / Jun Sarkar