Bengaluru, May 5 -- The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed appeals filed by Vedanta Ltd challenging the selection of Adani Enterprises as the successful bidder for Jaiprakash Associates Ltd (JAL) under the insolvency process, clearing the way for Adani's takeover of the debt-laden company. A bench comprising chairperson Justice Ashok Bhushan and technical member Barun Mitra held that Vedanta's appeals lacked merit. Vedanta had argued that the committee of creditors (CoC) chose Adani's bid despite its lower value. The tribunal upheld the CoC's decision to approve Adani Enterprises' resolution plan, holding that the Insolvency and Bankruptcy Code (IBC) does not require creditors to select the highest financial...