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Velocity challenges Adani's JAL plan

Mint Hyderabad

|

March 20, 2026

Velocity Enterprises, a Bhopal-based contractor, has filed the first challenge to the Gautam Adani-led Adani Enterprises' ₹14,543-crore resolution plan for the diversified infrastructure conglomerate Jaiprakash Associates Ltd (JAL) in the National Company Law Appellate Tribunal (NCLAT).

- KRISHNA YADAV

Velocity moved the appellate tribunal after the National Company Law Tribunal (NCLT), Allahabad, rejected its claim of over ₹1 crore arising from contractual work on 17 March.

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