New Delhi, April 17 -- Senior Advocate Abhishek Manu Singhvi, appearing for the Resolution Professional (RP) of Jaypee Associates, on Friday told the National Company Law Appellate Tribunal (NCLAT) that a "false and sensational narrative" is being created around Vedanta's being the highest financial bidder in the insolvency resolution process.

Singhvi submitted that claims suggesting Vedanta was once declared the highest bidder and later displaced are entirely unfounded and not supported by the record. He argued that this narrative has been repeatedly circulated in media reports, prior proceedings, and public discourse without any factual basis.

Clarifying the record, Singhvi said that an email sent by the RP to all resolution applicant...