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Supreme Court Rules on Adani-Vedanta Dispute Over ₹14,543 Crore Jaiprakash Associates Deal
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Supreme Court Greenlights Adani's Jaiprakash Associates Deal, Vedanta's Challenge Continues
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CNBC Awaaz
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06-04-2026, 12:44
Supreme Court Greenlights Adani's Jaiprakash Associates Deal, Vedanta's Challenge Continues
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Supreme Court refused to halt Adani Enterprises' ₹14,543 crore Jaiprakash Associates deal.
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Court declined to interfere with NCLT and NCLAT decisions but mandated NCLAT approval for major steps.
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Vedanta Ltd. objected, claiming its higher offer of ₹12,505 crore (NPV) was overlooked due to non-transparent bidding.
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Lenders justified Adani's selection citing higher upfront cash (₹6,000 crore) and faster payment (2 years vs. Vedanta's 5 years).
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NCLAT to expedite hearing on April 10; legal battle not over despite Adani's initial relief.
Read Full Article on Cnbc in Hindi
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