New Delhi, March 22 -- Anil Agarwal-led Vedanta Ltd has moved the National Company Law Appellate Tribunal, challenging lenders' approval of Adani Enterprises Ltd's Rs.14,543 crore bid for bankrupt Jaiprakash Associates Ltd.

Vedanta has appealed against the Allahabad bench of the National Company Law Tribunal's (NCLT) 17 March order approving the Gautam Adani-led company's plan and rejecting the mining company's challenge, according to the appellate tribunal's cause list.

The matter is likely to be heard on Monday by a bench led by NCLAT chairperson Justice Ashok Bhushan.

Vedanta had earlier termed the approval a "commercial conspiracy" and sought reconsideration of its bid.

At the core of the dispute is how value should be assessed un...