India: Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the National Company Law Tribunal’s approval for Adani Group's bid to acquire Jaiprakash Associates for US$1.54bn. Vedanta Group had been in the race to acquire Jaiprakash Associates through an insolvency process. However, Jaiprakash Associate’s lenders approved the resolution plan of Adani Enterprises, as it had offered more than Vedanta, in November 2025. Vedanta’s challenge was scheduled to be heard on 23 March 2026 by a two-member bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra.
Vedanta Group challenges Adani Group’s acquisition of Jaiprakash Associates
