India, May 4 -- The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed appeals filed by mining firm Vedanta Ltd challenging the selection of Adani Enterprises as the successful bidder for debt-laden Jaiprakash Associates Ltd (JAL) under the insolvency process.

NCLAT chairperson justice Ashok Bhushan and technical member Barun Mitra held that there was no merit in the appeals filed by Vedanta.

The decision clears the way for Adani to acquire the debt-ridden JAL for around Rs.14,500 crore.

Vedanta had approached the NCLAT challenging a March 2026 order of the Allahabad bench of the National Company Law Tribunal (NCLT), which approved Adani's acquisition of JAL.

Vedanta's challenge was primarily on the ground that there ...