India, April 23 -- The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its judgment on pleas filed by Vedanta Ltd challenging the selection of Adani Enterprises as the successful bidder for debt-laden Jaiprakash Associates Ltd (JAL) under the insolvency process.

A bench headed by chairperson Ashok Bhushan concluded hearings after detailed submissions from Vedanta, the resolution professional, the committee of creditors (CoC), and Adani Enterprises, directing parties to file written submissions within two days. Appearing for Vedanta, senior advocate Abhijeet Sinha on Wednesday attacked the evaluation process adopted by lenders, arguing that the insolvency resolution suffered from "serious non-consideration of materia...