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No basis for Vedanta's top bidder claim: RP
Mint New Delhi
|April 18, 2026
Resolution professional of infrastructure company Jaiprakash Associates Ltd (JAL) on Friday informed the National Company Law Appellate Tribunal (NCLAT) that mining firm Vedanta Ltd had no basis to infer that it was the highest bidder for JAL’s assets, as the details of the top bidder were never disclosed during the resolution process.
NCLAT’s Delhi bench, headed by Ashok Bhushan, heard Vedanta’s challenge to Adani Enterprises’ top bid in the JAL insolvency case.
This story is from the April 18, 2026 edition of Mint New Delhi.
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No basis for Vedanta's top bidder claim: RP
Resolution professional of infrastructure company Jaiprakash Associates Ltd (JAL) on Friday informed the National Company Law Appellate Tribunal (NCLAT) that mining firm Vedanta Ltd had no basis to infer that it was the highest bidder for JAL’s assets, as the details of the top bidder were never disclosed during the resolution process.
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