NEW DELHI/MUMBAI, April 6 -- The Supreme Court on Monday refused to halt Adani Enterprises Ltd's Rs.14,543 crore resolution plan for Jaiprakash Associates Ltd (JAL), allowing implementation to proceed while keeping Vedanta Ltd's challenge alive.

A bench led by Justices Surya Kant and Joymalya Bagchi declined to interfere with orders of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), which had cleared the way for the plan's rollout.

However, the court directed the committee overseeing the resolution to seek prior NCLAT approval before taking any major steps, and asked the appellate tribunal to hear the matter expeditiously. The NCLAT is scheduled to hear the case on 10 April.

Vedanta, th...