New Delhi, April 6 -- The Supreme Court on Monday refused to accept the plea of Vedanta Ltd to stay the implementation of Adani Enterprises' resolution plan for Jaiprakash Associates Ltd.
A bench of Chief Justice of India Surya Kant and Justice Joymalya Bagchi declined interference, saying that the National Company Law Appellate Tribunal (NCLAT) has posted Vedanta's appeal for hearing on April 10.
Vedanta has said that its higher bid was not considered properly, breaching the value maximisation objective under the Insolvency and Bankruptcy Code.
On March 24, 2026, the NCLAT declined to grant interim relief and permitted implementation of the plan to proceed, while stating that it would remain subject to the outcome of the appeal.
Vedant...