Vedanta's Plea Indirectly Challenges Commercial Wisdom of CoC: Adani to NCLAT

Vedanta's plea indirectly challenges commercial wisdom of CoC: Adani to NCLAT

New Delhi, Apr 21 (PTI) The conduct of the resolution professional of Jaiprakash Associates Ltd (JAL) seeking information from bidders on specific aspects cannot be termed as irregularity and challenging it is "indirectly" permitting a judicial review of the commercial wisdom of lenders, Adani Enterprises told NCLAT on Tuesday. Moreover, the evaluation metrics, which Vedanta questioned before the National Company Law Appellate Tribunal (NCLAT), …

Jaypee case: Adani backs CoC, opposes Vedanta bid

The Adani Group on Tuesday strongly defended the integrity of the resolution process in the Jaypee Associates insolvency matter before the National Company Law Appellate Tribunal (NCLAT), where Vedanta has challenged the decision of the Committee of Creditors (CoC) to approve Adani's bid.