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Setback for Vedanta: NCLT refuses interim stay on Adani Enterprises’ JAL acquisition

Setback for Vedanta: NCLT refuses interim stay on Adani Enterprises’ JAL acquisition

The NCLAT has denied an interim stay on Adani Group’s bid to acquire Jaiprakash Associates Ltd for Rs 14,535 crore. The CoC has been given a week to respond and the matter is listed for April 10. Vedanta Group has filed appeals against the resolution plan and approval by CoC. NCLAT has ordered the plan […] | financialexpress.com

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