Mumbai, April 17 -- Resolution professional of infrastructure company Jaiprakash Associates Ltd (JAL) on Friday informed the appellate tribunal that mining firm Vedanta Ltd had no basis to infer that it was the highest bidder for JAL's assets, as the details of the top bidder were never disclosed during the insolvency resolution process.

The National Company Law Appellate Tribunal (NCLAT) Delhi bench, led by Ashok Bhushan, was hearing Vedanta's plea challenging Adani Enterprises as the highest bidder in the JAL insolvency case.

Abhishek Manu Singhvi, representing resolution professionals, said, "One of the biggest methods of drawing attention to some kind of big sensational issues is to suggest that we (resolution professionals) declare...