New Delhi, April 6 -- The Supreme Court on Monday restrained the monitoring committee or any concerned stakeholder from taking any major policy decision regarding the implementation of the resolution plan for the takeover of bankrupt Jaiprakash Associates Limited (JAL) without prior approval of the National Company Law Appellate Tribunal (NCLAT).

A bench comprising Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi also requested the NCLAT to hear Vedanta's plea on April 10 on an expedited, out-of-turn basis.

"There is no need to issue any interim direction except that if the managing/monitoring committee decides to take any policy decision, it shall seek permission of the NCLAT," the Court observed.

The Court declined...