Mumbai, April 22 -- The principal bench of the National Company Law Tribunal (NCLAT) on Wednesday reserved its order in the Jaiprakash Associates Ltd (JAL) insolvency case where mining firm Vedanta Ltd has challenged the resolution plan submitted by the Gautam Adani-led Adani Enterprises.

On 6 April, a Supreme Court bench, led by Chief Justice Surya Kant and Justice Joymalya Bagchi, directed the NCLAT to hear the matter urgently.

The tribunal bench, headed by Justice Ashok Bhushan, said arguments had concluded, and the judgment was reserved.

Senior lawyer Abhijeet Sinha, representing Vedanta, said the case raises broader questions around how IBC should be implemented and to what extent committee of creditors (CoC) should work under "co...