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Vedanta vs Adani: Supreme Court to Hear ₹57,000 Crore Jaypee Assets Dispute, MC Exclusive
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Vedanta vs Adani: ₹57,000 Crore Jaypee Assets Battle Reaches Supreme Court
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CNBC Awaaz
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30-03-2026, 10:55
Vedanta vs Adani: ₹57,000 Crore Jaypee Assets Battle Reaches Supreme Court
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Vedanta has approached the Supreme Court to challenge Adani Group's resolution plan for Jaypee Group's insolvent assets.
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The dispute involves Jaypee Group's assets with a debt of approximately ₹57,000 crore.
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Vedanta claims its offer had a higher Net Present Value (NPV) despite creditors approving Adani's plan for quicker cash and shorter payment timeline.
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Adani Group's approved bid was ₹14,535 crore, while Vedanta's revised bid was ₹16,726 crore.
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Vedanta Chairman Anil Agarwal questioned the decision, stating his company was initially declared the highest bidder.
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