Big Win For Adani As NCLAT Rejects Vedanta Plea In Jaiprakash Associates Case, Upholds CoC Decision

The National Company Law Appellate Tribunal has delivered a major win for Adani Enterprises Limited by dismissing Vedanta Limited’s plea in the Jaypee insolvency case. The tribunal upheld the Committee of Creditors’ decision, stating it was neither arbitrary nor perverse. The case involves Jaiprakash Associates Limited, which has admitted claims exceeding ₹57,000 crore. Adani’s resolution plan, approved with 93.81% CoC votes in November 2025, has now cleared key legal hurdles, while Vedanta’s revised ₹16,070 crore bid was rejected for being submitted late in the process.