New Delhi, March 19 -- Velocity Enterprises, a Bhopal, Madhya Pradesh-based contractor, has filed the first challenge to the Gautam Adani-led Adani Enterprises' Rs.14,543-crore resolution plan for the diversified infrastructure conglomerate Jaiprakash Associates Ltd (JAL) in the National Company Law Appellate Tribunal (NCLAT).

Velocity moved the appellate tribunal after the National Company Law Tribunal (NCLT), Allahabad, rejected its claim of over Rs.1 crore arising from contractual work on 17 March.

The NCLAT will hear the challenge on 20 March.

Confirming the development, Aadarsh Kothari, counsel for Velocity Enterprises, told Mint that several creditors, such as his client, were not given a fair opportunity to present their claims....