NEW DELHI, March 30 -- Billionaire Anil Agarwal-led Vedanta Ltd has escalated its legal battle against the Adani Group's takeover of Jaiprakash Associates Ltd (JAL), moving the Supreme Court to challenge the approval of Adani Enterprises Ltd's Rs.14,543 crore resolution plan after failing to secure a stay from the appellate tribunal.
According to details available on the Supreme Court website seen by Mint, Vedanta filed its plea on 25 March, a day after the National Company Law Appellate Tribunal (NCLAT) refused to stay implementation of the plan.
The plea has been filed against JAL's resolution professional, Bhuvan Madan, who has been made a respondent in the case.
Vedanta, the losing bidder in the insolvency process, has been contest...
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