JAL case: NCLAT reserved judgment on Vedanta’s plea

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on two petitions by Vedanta challenging the selection of Adani Enterprises’ bid to acquire debt-ridden Jaiprakash Associates Ltd through insolvency proceedings.

A two-member bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra concluded the hearing after hearing arguments from respondents including Vedanta Limited and Resolution Professional, Committee of Creditors (CoC) and Adani Enterprises.